
Hayes flips bullish on Bitcoin, predicts $110,000 rally amid Fed’s policy shift
Hayes clarified that he views Bitcoin as more likely to rally to $110,000 than to decline to $76,500 in the short term.

Read BitMEX news covering derivatives trading, exchange updates, legal developments, market strategy, and institutional crypto products.
Topic stats

Hayes clarified that he views Bitcoin as more likely to rally to $110,000 than to decline to $76,500 in the short term.

The former BitMEX CEO mentions macro signals as indicators of an imminent correction, before the market resumes an upward movement.

BitMEX and its parent holding company HDR Global Trading have been fined $100 million for violating the US Bank Secrecy Act.

Authorities described the company's policies as "toothless or easily overridden."

The BitMEX co-founder noted that the SEC's ETF cash creation model would mean new opportunities for traders.

Notably, long traders on the crypto market lost nearly $150 million during the past day.

BitMEX said the transactions are not expected to impact users’ trading activities.

Comparing the crypto-margined and cash-margined futures open interest reveals a discrepancy that has never been higher, indicating a growing preference for stability and risk mitigation in the market.

In a thought-provoking blog post, the former BitMEX CEO explores the potential interplay between AI and cryptocurrencies.
We use cookies to improve your experience on our site. By using our site, you consent to cookies.
Manage your cookie preferences below:
Essential cookies enable basic functions and are necessary for the proper function of the website.
CloudFlare provides web performance and security solutions, enhancing site speed and protecting against threats.
Service URL: developers.cloudflare.com (opens in a new window)
Google Analytics is a powerful tool that tracks and analyzes website traffic for informed marketing decisions.
Service URL: policies.google.com (opens in a new window)
Statistics cookies collect information anonymously. This information helps us understand how visitors use our website.
Clarity is a web analytics service that tracks and reports website traffic.
Service URL: clarity.microsoft.com (opens in a new window)
You can find more information in our Privacy Policy and .
The Catalyst
Daily Newsletter
Start with the stories that matter. Get the context behind the headlines and a clear view of what to watch next.
