Famous crypto investor and Bitmex founder Arthur Hayes suggested that the price of Bitcoin could experience a harsh decline and may decline to $ 75,000. The markets, which made a bad start next week, were shaken by Bitcoin’s depreciation of more than 5 %in the last 24 hours and fell below $ 79,000.

Alarm bells in Bitcoin option market

Arthur Hayes once again reiterated that Bitcoin could decline to $ 75,000. According to Hayes, the increase in open positions in option contracts at this level burns danger signals in the market.

“We made a bad start next week. If Bitcoin falls to this level, there will be a very harsh decline. ”

Hayes’s warnings have already begun to happen.

Trump’s trade policies and crypto summit

Another factor that worries the markets is the uncertainties in US President Donald Trump’s trade policies. Trump’s fluctuating policy in commercial relations with Canada and Mexico has reduced the risk appetite of investors. At the same time, an additional 10 %customs duty application for China created a new fear of trade in global markets. China also increased its taxes by retaliation.

The crypto summit held at the White House did not meet the expectations. Investors, while waiting for the government to buy Bitcoin directly, instead of the seized crypto assets will be kept as a reserve. This accelerated the price decrease by reducing interest in Bitcoin.

As we have quoted as Kriptokoin.com, the crypto summit, which was held on March 8 with great expectation at the White House, resulted in a decrease.

Bitcoin investors are moving away from the market

Zach Burks, CEO of NFT marketplace Mintology, said that investors withdrew from Bitcoin due to inflation concerns and weakening of the tendency called “Trump trade.

“Many investors now see Bitcoin as a risky being. For the first time since Trump took office, we see such a tendency. Bitcoin has now lost its function of being a safe port. ”

With the rise of gold prices, investors began to return to traditional safe port assets. This trend once again revealed the risks of Bitcoin’s inability to separate from stock markets.

Is there any hope to recover for Bitcoin?

Despite the current uncertainties on the market, some analysts believe that Bitcoin will rise in the long run. Arthur Hayes argued that Trump’s policies would reduce the value of the US dollar and that Bitcoin could rise up to $ 250,000 in 2025.

Zach Burks thinks Bitcoin can reach $ 110,000 this year. However, he states that the current stagnation in the markets should be overcome for this to happen.

It is difficult to expect a rise without overcoming the mini recession of this magaz. But if we are patient, we can see the rise again.

While the volatility in Bitcoin and crypto markets continues, investors will closely follow the developments that will determine the direction of the markets in the coming days.