Arthur Hayes believes that Bitcoin could have a great week, which could be good for SUI and old coins
Arthur Hayes believes that Bitcoin could have a great week, which could be good for SUI and old coins
Arthur Hayes, co-founder of Bitmex, insists that Bitcoin (BTC) will have a strong week due to possible market shifts, which could benefit old coins like SUI (SUI). On the other side A decentralized defi platform for foreign exchange trading with extended functions and investor premiums has become an attractive option for investors due to its enormous growth potential.
Here we discuss how the Bitcoin increase will support altcoins and how this new defi platform could take the lead in the next crypto bull run!
Arthur Hayes forecast a bullish week for Bitcoin
The co-founder and former CEO of Bitmex, Arthur Hayes, believes that Bitcoin could be imminent for a great week. On September 8, 2024, he closed a BTC-short position with a win of 3%, enough to pay for the bills for food and bar for "> Style = "Font-Weight: 400;"> Korea Blockchain Week (KBW). He said that if certain market conditions deteriorate, the value of Bitcoin could increase.
Hayes has openly expressed his dissatisfaction with the policy of the Federal Reserve. He believes that she has not done enough to contain government spending, the true driver of inflation.
at this point expects finance minister Janet Yellen will intervene and pump some liquidity into the market, as it did in 2023 when the borrowering shot up. When this scenario continues, it will influence the stock market, threaten the health of smaller banks and drive up the mortgage interest. This combination will enable Bitcoin to benefit from the resulting chaos. More liquidity in the system is a great thing for risky systems such as BTC. If Yellen does not act quickly, the situation could develop into a massive crisis that could shake the US economy. However, if Yellen reacts quickly, Bitcoin will start to fluctuate sideways while old coins could continue to fall. Bitcoin seems ready for a bullish week and is currently at 55.191.16 USD. Style = "font-Weight: 400;"> decline by 5.30 % last week. The price consolidates with data and market mood and tends to a success week for BTC. The Sui Blockchain achieved a remarkable Milkstone one month after the start of his MysticTi-Aktualization in the blockchain area. SUI has developed well in the past few weeks and is therefore one of the most powerful old coins in the sector. Sui was relaxed in an environment with a high volume. Data from Coingecko indicates that the volume of the coin on the spot market gradually increases. Analysts believe that the slight increase in Bitcoin will give the Altcoin market buoyancy. also on the appointment market has risen sharply last week and fluctuates near its highest level since August 13, 2024. In view of the latest developments by SUI, the old coin is expected to increase significantly, supported by several positive fundamental data. Sui was at 0.9216 USD an increase of 20.73 % last week. Meanwhile, cryptoma market experts say that Sui will reach the $ 1.0015 mark in September, supported by positive developments in the underlying network. fxguys is a decentralized FX platform that converses the area of decentralized finances (defi) in the storm. It is equipped with robust functions and advanced technology that improve your security and privacy. In this sense, fxguys has an operating concept that gives investors real profits and capital. In addition, FXGUYS has a huge portfolio of tradable products that was specially developed for the community. His analysis tools and financed accounts share high -quality learning strategies and news that help investors achieve enormous profits. This platform has been an active community hub for dealers since 2017. Remarkably, FXGUYS offers Forex messages and enables investors to interact with like-minded people to exchange trading ideas and information while learning how the crypto room works. The groundbreaking project is driven by a utility token, $ FXG, which enables owners to coordinate via platform activities. According to the team, the $ FXG token owners enables access to trade discounts, premiums and advantages. The legitimacy of fxguys on the market was proven by Soken Auditams The $ FXG Smart Treaty. Investors plunge to buy $ FXG because it offers more privacy because it does not carry out KYC exams. In addition, simulated evaluation tasks for the fxguys The Trader Funding Program starts in Phase 4 of the pre -sale. According to Roadmap, the trading platform in phase 6 will go live. The seed financing round was completed by FXGUY's email subscribers within 24 hours when each $ FXG token was sold for $ 0.010. currently the value of the token in the private sales phase is $ 0.015. The official public sale of the first phase of $ FXG begins in ten days. Thus, seed investors have achieved a ROI of 50 % and will make 200 % profit after $ FXG has passed into the first phase of its public sale with a value of $ 0.030. Arthur Hayes' prediction of a great week for Bitcoin could have enormous effects on the general cryptom market, especially on old coins such as SUI and FXGUYS. Since Bitcoin enjoys increased liquidity and market volatility, SUIS position quick profits and technological progress for massive growth. SUI blockchain reaches latency times of less than one second
fxguys revolutionizes defi with extended functions
fxguys dominates the top altcoins despite bitcoins difficulties
Source: Coinlist.me