Arthur Hayes believes the macro domino that sends Bitcoin to $1 million has just tipped. In a post on X late Monday, the BitMEX co-founder argued that the US Federal Reserve is preparing markets for “yield curve control” (YCC) under what he called a “third mandate,” pointing to the confirmation of economist Stephen Miran to…
Tag: BTC news
Bitcoin Price Turns Bullish Above $114,000 With Hidden Divergence Forming
Bitcoin’s price action has managed to break above $115,000 after spending the majority of the past two weeks trading below this level. Bitcoin is now holding firm above $114,000, and the leading cryptocurrency has regained momentum over the past week that shows signs of renewed bullish strength. According to technical analysis, a hidden bullish divergence…
The Bitcoin Bull Run Cracks If $98,000 Is Lost, Ostium Labs Warns
Ostium Labs argues that Bitcoin’s uptrend remains intact after August’s reversal, but it draws a bright red line at $98,000. In its September 1 Market Outlook, the firm writes: “Closing below $98k on this timeframe would turn weekly structure bearish,” adding that “above $98k weekly structure is still bullish and therefore we should anticipate the…
BlackRock Triggers Bitcoin Sell-Offs With Half A Billion Dollars Dumped
The world’s largest asset manager, BlackRock, has notably been on a Bitcoin selling spree throughout this week, triggering a wave of sell-offs in the process. These sales have occurred due to the outflows that the asset manager has witnessed from its BTC ETF. BlackRock Dumps Around $500 Million In Bitcoin Arkham data shows that BlackRock…