Chain News Daily Official TheBitTimes.com

Donald Trump’s victory in the presidential elections sparked a bullish sentiment among crypto investors, looking forward to the inauguration day. However, after an impressive rally, cryptocurrencies are cooling off and raising concerns of a possible “sell the news” event. Crypto analysts have weighed in on this matter, warning of a visible market fatigue, and potential top signals. Among these analysts, Arthur Hayes believes that investors’ expectations for Trump’s administration may be misaligned to reality. “I think there exists a wide gap between crypto investor’s high expectations for how quickly Trump can change things and the reality that there are no politically acceptable solutions available to Trump to quickly bring about such change. The market will instantly wake up to the reality that Trump has at best one year to enact any policy changes on or around January 20th.” – Arthur Hayes on “Trump Truth” ...

Arthur Hayes Bullish On Bitcoin Rally BitMEX co-founder Arthur Hayes on June 20 said the Treasury General Account (TGA) refill is not impacting risk markets as the US dollar net liquidity stands at $77 billion. He believes the TGA refill by the US Treasury Dept is nothing to worry about. advertisement Arthur Hayes plans to buy crypto as the net liquidity index remains “positive.” If the index goes “negative,” he will slow down or stop his purchases. He predicts that US Treasury will slow down T-bills or debt issuance once the TGA balance is more than $450 billion. TGA balance during the debt ceiling deal was below $40 billion, now it is $250 billion. The US Treasury is building its account balance without impacting financial markets and US dollar liquidity. He has created a custom US dollar liquidity index to track how TGA refill will affect the US dollar liquidity. “I look at values of RRP and TGA as of their last print bef...