Arthur Hayes gives advice to crypto investors amid market slump
Bitcoin has fallen below $77,000 for the first time since November 10, sinking to $76,822 before rebounding slightly to around $79,000 at press time.
This represents a roughly 30% decline from its all-time high of $110,000. The downturn in Bitcoin comes amid a broader market sell-off that has also battered stocks, reports Cryptopolitan.
Hayes Predicts a Temporary Bottom
Prominent crypto analyst Arthur Hayes has urged traders to “be fucking patient” despite the current market turbulence. In an X post, Hayes predicted that Bitcoin could bottom out at around $70,000—a 36% correction from its peak—which he described as “very normal for a bull market.” Hayes emphasized that the crypto market’s continuous 24/7 trading makes it fundamentally different from traditional stock markets.
He explained, “BTC trades 24/7… it cannot be printed, and failure results in bankruptcy or liquidation.” In contrast, he noted that stocks, which trade only during set hours and are subject to political bailouts, may eventually trigger a massive crash before the Fed is forced to step in with rate cuts. Hayes argued that only after a significant downturn in traditional markets, when central banks start printing money again, can investors “load up the truck” on Bitcoin and other digital assets.
Stock Market Turbulence and Broader Implications
The sell-off is not isolated to crypto. The Nasdaq 100 dropped 1,050 points—a 5.8% loss—in a single day, with after-hours trading recording an additional 300-point drop. Futures for the S&P 500, Nasdaq 100, and Dow Jones also experienced declines, while Delta Air Lines plunged 11% after slashing its profit and sales forecast amid weak U.S. travel demand. The S&P 500 logged three consecutive losing weeks, and the Dow Jones fell nearly 900 points, dipping below its 200-day moving average for the first time since November 1, 2023. “This is starting to feel like a capitulation in the market,” said Anastasia Amoroso, chief investment strategist at iCapital, on CNBC’s Closing Bell.
As global markets continue to reel from these shocks, both crypto and traditional investors face an uncertain near-term outlook. Hayes’ call for patience suggests that while a short-term bottom may be near, the interplay between crypto and stock markets will be crucial in determining the next phase of recovery.
Refently we wrote, that the bankrupt cryptocurrency exchange Mt. Gox has executed another large-scale Bitcoin transaction, transferring over $930 million worth of BTC on March 11.
Latest Crypto News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
