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Arthur Hayes tells crypto and stock investors to just “be patient” as Bitcoin falls below $77k

Author: Content Editor
Bitcoin has experienced a significant drop in price, sinking below $77,000 for the first time since November 10th. This corresponds to a 30% decline from its all-time high of $110,000. Arthur Hayes, a popular figure in the crypto industry, advises traders to be patient and predicts that Bitcoin will bottom out at around $70,000, describing this correction as normal for a bull market. The current sell-off is not limited to crypto, as stocks have also been impacted. The Nasdaq 100 and futures markets have seen significant losses, with Delta Air Lines incurring a major hit. The S&P 500 has also logged losses for three consecutive weeks. This market downturn is being compared to a capitulation, and many investors are anxiously awaiting key economic reports that could determine whether the Federal Reserve will implement rate cuts. The crash in crypto has prompted critics like Peter Schiff to question its suitability as a reserve asset. Alongside the financial turmoil, the Trump administration's tariff policies and Goldman Sachs' revised economic growth forecast have added to the uncertainty. Traders are expecting central banks to step in and ease policies to support the economy, but for now, the advice is to wait.

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