$77K likely the Bitcoin bottom as QT is ‘effectively dead’ — Analysts

Bitcoin is unlikely to revisit the $77,000 price level anytime soon after the Fed signaled a slowdown in quantitative tightening (QT), says BitMEX co-founder Arthur Hayes. On March 10, Bitcoin (BTC) dipped near the $77,000 level for the first time since November, according to CoinMarketCap data. “Was BTC $77k the bottom, prob,” Hayes said in a March 20 X post after declaring that QT is “basically over” following the Fed’s March 19 announcement that starting in April, it will slow its securities sell-off by reducing the monthly Treasury cap from $25 billion to $5 billion.  Bitcoin is up 3 source: https://cointelegraph.com/news/arthur-hayes-calls-bitcoin-price-77k-bottom-analysts-qt-dead?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound