
Bitcoin is experiencing renewed bullish momentum, climbing towards $87,000.
Former BitMEX CEO Arthur Hayes predicts Bitcoin will reach $110,000.
The crypto market is rallying broadly, with Bitcoin leading the charge, and all eyes are on the upcoming US inflation report which could further impact market sentiment.
With Trumpโs April 2 tariff deadline fast approaching, traders are on edge, waiting for clarity on trade policies. Meanwhile, Bitcoin has been anything but quiet. After dipping below $80,000 and bouncing back to $85,000 last week, itโs once again gaining strength, climbing toward $87,000. Volatility remains high, but some experts believe this is just the beginning of a much bigger move.
Former BitMEX CEO Arthur Hayes
Arthur Hayes
Arthur Hayes is an investor and entrepreneur from the United States. He is the previous CEO of BitMEX, one of the top cryptocurrency derivatives exchanges globally. In 2014, he co-established BitMEX, facilitating cryptocurrency trading through leveraged Bitcoin futures.
He is often seen sharing his insights and views on the Bitcoin market. He also backs crypto-related projects and helps them gain momentum with his advice on the market.
Quick Facts
Full name Arthur Hayes Birth 1985, Detroit, Michigan Nationality American Education Economics & Finance from the Wharton School of Business Marital status Married Net worth Estimated $500-700 million
Hayes previously worked at Deutsche Bank and Citigroup. While working at these fintech firms, Arthur concentrated on establishing crypto derivatives as a common standard. In 2021, he encountered legal problems concerning BitMEX's compliance. Nevertheless, he settled the matter through legal means.
Arthur Hayes - Timeline and Events
2016 – Launched the XBTUSD perpetual swap, revolutionizing crypto trading.
2018 – BitMEX became one of the largest Bitcoin trading platforms.
2020 – Faced legal scrutiny but remained a key industry figure.
2021 – Settled U.S. legal issues and stepped down as BitMEX CEO.
2022 – Focused on crypto investments and writing industry insights.
2023 – Advocated for Bitcoin adoption and decentralized finance (DeFi).
2024 – Continued shaping the digital asset space through investment and research.
Arthur has collaborated with various blockchain experts and engaged with innovative startups for the growth of crypto and Web3 innovations. He continues to be an influential voice in the crypto space and shares his perspectives on Bitcoin, DeFi, and blockchain regulations.
Useful Links to Connect With Arthur Hayes
Platform Link X (formerly Twitter) https://twitter.com/CryptoHayes LinkedIn https://www.linkedin.com/in/arthur-hayes BitMEX Website https://www.bitmex.com Personal Blog https://cryptohayes.substack.com EntrepreneurInvestorChief Executive OfficerTrader is doubling down on his bold $110,000 price target, predicting a major shift in Federal Reserve policy that could send Bitcoin soaring.
With institutional investors piling in and a key inflation report on the way, the next few days could be critical for the crypto market.
Is Bitcoin gearing up for its next big breakout? Letโs dive in.
Arthur Hayes: Bitcoinโs Next Stop Is $110K
Arthur Hayes expects Bitcoin to reach $110,000 before it possibly dips to $76,500 again. His optimism comes from his belief that the Federal Reserve will soon move from quantitative tightening (QT) to quantitative easing (QE), increasing liquidity in the markets. Hayes also dismissed concerns over Trumpโs tariffs, agreeing with Fed Chair Jerome Powell that any inflationary effects will be short-lived.
Bitcoin is already gaining momentum, rising 3.5% to trade above $86,700. Trading volume has jumped 74%, and futures open interest has climbed 7.79% to over $56 billion. Meanwhile, short sellers have been hit hard, with $50 million in liquidations in just 24 hours.
Altcoins and Meme Coins Join the Rally
The broader crypto market is also rallying. Ethereum has climbed 3.3% to $2,069, while XRP is up 3.1%. Solana leads the way with a 6.2% gain, followed by Cardano (+2%) and Polygon (+2.8%). Meme coins are also surging – Dogecoin is up 3.5%, and TRUMP has soared 9.4%, signaling renewed bullish momentum.
Investors Watching Fedโs Inflation Data
This week, all eyes are on the Federal Reserveโs core PCE price index, its preferred inflation gauge. Analysts expect it to tick up from 2.6% to 2.7%, which could influence market sentiment. The Fed will also release its final one-year inflation forecast, providing more clues about its future monetary policy.
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Institutional Investors Fuel Bitcoinโs Climb
Bitcoinโs rally is being driven by growing institutional interest. U.S. spot Bitcoin ETFs have seen six straight days of inflows, showing strong demand. At the same time, major corporations are increasing their Bitcoin holdings. Japanโs Metaplanet recently bought 150 BTC, bringing its total to 3,350 BTC.
With a 68.3% return so far this year, the company is doubling down on its Bitcoin strategy, backed by key figures like Eric Trump and Michael Saylor.
With institutional demand rising and market conditions favoring risk assets, Bitcoinโs climb to $110,000 may happen sooner than expected.
Whether the rally continues or faces a pullback will depend on upcoming economic data and market liquidity, making this a critical week for crypto investors.
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FAQs
Former BitMEX CEO Arthur Hayes predicts Bitcoin will hit $110K due to Fed policy shifts and rising institutional demand.
Analysts, including Arthur Hayes, believe Trumpโs tariffs will have a limited effect, with Fed policy playing a bigger role in Bitcoinโs price.
Spot Bitcoin ETFs, corporate acquisitions, and growing adoption among firms like Metaplanet are fueling institutional Bitcoin interest.