The cryptocurrency world is talking about the market predictions of BitMEX co-founder Arthur Hayes. Hayes said the market could experience a significant decline over the next month. These comments include crypto-friendly policies in the US and Bitcoin $104,049.2 It came at a time when speculation was increasing about proposals to produce strategic reserves.
Hayes: “Corrections Are Inevitable in the Short Term”
Arthur Hayes evaluated the current trend in the crypto market in his latest blog post. He pointed out that Bitcoin and leading altcoins have made a serious rally in recent weeks. However, Hayes stated that this rally may not be permanent and the market may decline until January.
Hayes stated that market optimism would increase further if Trump is re-elected. He mentioned that Trump’s promise to support the crypto industry and the idea of a Bitcoin strategic reserve triggered this optimism. However, he added, “While I do not believe the US will buy Bitcoin, I cannot ignore its positive impact on the market.”
The decline in the market may continue
The recent volatility in the crypto market has made investors nervous. Bitcoin fell by 2.5% in the last 24 hours to $ 104,140. Ethereum 
$3,870.3 With a similar performance, it lost 4% in value to $3,851.
Hayes commented on the current state of the market: “Investors should expect uncertainty in the market leading up to the inauguration in January. However, recovery after this period may be rapid.”
In this process, some market players preferred to realize the profits they made in the last rally. This left the overall market performance under pressure. Additionally, investors are waiting for clues about interest rate decisions and economic data before the upcoming meeting of the US Federal Reserve.
Experts state that this fluctuation in the crypto market will not harm long-term trends. Confidence in the long-term potential of the market is thought to be unaffected by short-term corrections.
Arthur Hayes’ warnings present an opportunity for market participants to reconsider their strategies. Investors are recommended to monitor market trends closely. Careful planning during this period can reduce risks in the volatile market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
