The post Bitcoin Potentially Set for Upward Momentum Amid US Economic Pressures, Suggests BitMEX Co-Founder Arthur Hayes appeared on BitcoinEthereumNews.com.

Amid a turbulent macroeconomic landscape, Bitcoin is poised for significant gains as experts cite a potential shift in investor sentiment. As bond yields surge and trust in traditional assets wavers, digital currencies emerge as the attractive alternative for investors seeking stability and growth. “If this trend continues, we are about to enter UP ONLY mode for $BTC,” stated Arthur Hayes, emphasizing Bitcoin’s promising trajectory amidst economic uncertainty. Bitcoin is set for potential gains as US economic factors shift investor focus from traditional assets, signaling an “up only mode” for BTC. Loss of confidence in US policy boosts Bitcoin’s upside prospects On April 11, a spike was noted in the benchmark US 10-year Treasury yield, reaching a significant 4.59%, its highest in the last couple of months. This increase highlights the growing instability within the bond market and the potential for investor migration towards alternative assets such as Bitcoin. The $29 trillion US Treasury market has witnessed a notable decline of over 2% — marking its steepest drop since September 2019, a period which witnessed a liquidity crisis prompting Federal Reserve intervention. This decline has raised concerns about market stability and investor confidence. Additionally, unpredictable tariff policies under the former US President Donald Trump have contributed to market unrest. After proclaiming aggressive tariffs against several nations, including China, many of these measures were rescinded shortly thereafter, leading to further market confusion. Moreover, the US dollar has faced its own challenges, with its valuation against a basket of major foreign currencies dropping below the crucial 100 mark on the US Dollar Index (DXY) for the first time since 2022, resulting in its largest weekly decline in more than two years. In the midst of this bond market turmoil, Bitcoin has responded by climbing over 4.50%, with prices nudging around $83,250. This uptick…

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Filed under: News - @ April 12, 2025 1:20 am