Arthur Hayes Predicts Potential 19% Bitcoin Correction Amid Weak Employment Data

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The expert expects a decline in the price of Bitcoin and Ethereum due to a sluggish credit market and weak employment growth. Hayes locked in profits by selling more than $13 million worth of cryptocurrency. Some analysts believe that double-digit corrections in price are a thing of the past. BitMEX co-founder Arthur Hayes said Bitcoin could fall to $100,000 and Ethereum to $3,000. He said that increased tariffs, stagnant credit markets, and slower job creation are creating an unfavorable backdr...