The post Hayes Highlights Forces Driving Crypto Market Surge appeared on BitcoinEthereumNews.com.

Arthur Hayes, the creator of BitMEX, asserts that a surge in cryptocurrency markets is underway, paving the way for notable trading prospects. During a recent interview on the CryptoBanter YouTube channel, Hayes indicated that the bullish trend actually commenced in March 2023, primarily fueled by significant monetary expansion by the U.S. Federal Reserve aimed at stabilizing the banking sector. What Role Does Covert Money Printing Play? Hayes describes the influx of trillions into the U.S. banking framework as a covert form of money printing. He believes this development has initiated a new upward trend for Bitcoin, with similar monetary policies being adopted in China, Europe, and Japan. Hayes emphasizes that the U.S. is at the forefront of this monetary initiative. Can Solana Surpass Ethereum Soon? Another highlight for Hayes is Solana (SOL), which he believes might outpace Ethereum in the near future. As the Chief Investment Officer of Maelstrom, he remarked, “Solana is currently making waves. Its price keeps climbing, and I’m keen to track this momentum.” The asset has seen a substantial rise from $7 post-FTX collapse, a reflection of its growing profitability, increased trading volume, and low costs. Key Takeaways: The rise in crypto markets is significantly influenced by the U.S. Federal Reserve’s monetary policies. Solana’s recent performance is bolstered by increased profitability and trading activity. Global monetary expansion is creating fresh opportunities for crypto traders. The current landscape in cryptocurrency, shaped by aggressive global money printing, presents traders with unique avenues for profit. Hayes’ insights into Solana’s potential and Bitcoin’s resurgence highlight the dynamic nature of this evolving market. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/hayes-highlights-forces-driving-crypto-market-surge

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Filed under: News - @ November 10, 2024 6:18 pm