Bitcoin $104,673.8 The price fell around 4 %under the strong sales pressure of the general crypto market before the FOMC meeting and fell below $ 101,000. While the BTC has difficulty exceeding the resistance level of $ 106,000, Arthur Hayes, former endingxx CEO, suggest that the value may fall up to 70,000 dollars.
Estimation of Arthur Hayes
Arthur Hayes predicts that Bitcoin will collapse up to 70,000 dollars and then enter the trend of rise again. Hayes says that the US Federal Reserve will return to money printing in this process.
“The 70k-75k correction in BTC, a mini financial crisis and rise up to 250k by the end of the year, Hay says Hayes.
Corrections in Altcoins
The decline in the Bitcoin market, Ethereum 
$3,304.1XRP, Solana, Cardano 
$0.98394 and dogecoin 
$0.351055 It has led to a decline between 5-10% in Altcoins. BTC sales of long -term investors also supported this decline.
Market Liquidations
Bitcoin and other Altcoins in the Asian markets faced liquations exceeding $ 548 million. The majority of these liquidations consisted of long positions.
Preparation for FOMC meeting
After Donald Trump’s chairmanship, the first FOMC meeting is approaching. The US Federal Reserve’s interest rate decision will be decisive on crypto markets.
China’s Deepseek AI effect
The rise of China’s Deepseek AI platform caused more than 3 %decreases in NASDAQ futures transactions. This increased the price of Bitcoin and sales pressure in the general crypto market.
Deepening Corrections in the Altcoin Market
Ethereum price fell by 5.72 %to $ 3,166. Solana and Dogecoin depreciated by 10.27 %and 8.25 %, respectively. This affects the lower season expectations of the Altcoin market, which will start in Q1 2025.
Cryptoquant CEO, one of the experts, said that the Bitcoin Taurus trend has not ended and is a space for growth. According to Ju, the introduction of new retail investors will continue to support the bull trend.
The FOMC meeting and other macroeconomic indicators are critical for the future of crypto markets. Investors closely follow the effects of interest rate decisions and global economic data on the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
