Arthur Hayes believes Bitcoin could have a great week, potentially good for SUI and Altcoins.
BitMEX co-founder Arthur Hayes insists that Bitcoin (BTC) will have a strong week because of possible market shifts that could benefit altcoins like Sui (SUI). on the other hand, Decentralized FX trading DeFi platform has become an attractive option for investors due to its extensive growth potential along with advanced features and investor rewards.
Here, we discuss how the Bitcoin boom is supporting altcoins and how this new DeFi platform is leading the next crypto bull run.
Arthur Hayes predicts a bullish week for Bitcoin
BitMEX co-founder and former CEO Arthur Hayes believes Bitcoin could be in for a great week. On September 8, 2024, a BTC short positionRecord a 3% profit, enough to cover food and bar tabs Korean Blockchain Week (KBW) said that if certain market conditions continue to worsen, Bitcoin could see a price increase.
Hayes has been vocal about his dissatisfaction with the Federal Reserve's policies. He believes that they have not done enough to curb government spending, which is the real cause of inflation.
This time he He waits. Treasury Secretary Janet Yellen stepped in to inject some liquidity into the market, as she did when bond yields rose in 2023. If this trend continues, it will impact the stock market, threaten the health of small banks, and drive up mortgage rates. This combination allows Bitcoin to benefit from the resulting chaos.
The extra liquidity in the system is a big deal for risk assets like BTC. If Yellen does not act quickly, the situation could escalate into a major crisis that could shake the US economy. On the other hand, if Yellen reacts too quickly, Bitcoin will start to break sideways, and altcoins could fall even further.
Bitcoin looks poised for a big week, currently valued at $55,191.16. 5.30% decreased In the last week. The price is being strengthened by data and market sentiment, leaning towards a BTC feed week.
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Sui Blockchain achieves sub-second latency.
The Sui blockchain has reached an amazing level chapter A month after the start Mysticeti update On the Mainnet. Notably, Swi has now recorded sub-second latency in multiple regions globally. This development as the A quick consensus method in the blockchain sector.
SUI has performed well in recent weeks, making it one of the best performing altcoins in the sector. SUI recovery occurred in a high-volume environment. Data in CoinGecko It indicates that the coin's value in the spot market is gradually increasing. As Bitcoin continues to rise slightly, analysts believe that it will help boost the altcoins market.
In addition, Sui Open interest The futures market rallied last week and is teetering on its highest point since August 13, 2024.
With SUI's recent developments, the altcoin is expected to grow significantly, supported by many positive fundamentals. SUI was trading. 0.9216 dollarsIt has increased 20.73% in the last week.
Meanwhile, crypto market experts predict that SUI will hit $1.0015 in September, supported by positive developments in the underlying network.
FXGuys is revolutionizing DeFi with advanced features.
FXGuys is a decentralized FX platform taking the decentralized finance (DeFi) space by storm. It is built with robust features and advanced technology that improve security and privacy. On that note, FXGuys It has an operating concept that incentivizes investors with real rewards and capital.
Additionally, FXGuys has a huge portfolio of trading products designed with the community in mind. Its analytical tools and leveraged accounts share high-quality learning strategies and news that help investors achieve maximum returns.
This forum has been an active community hub for traders since 2017. Amazingly, FXGuys offers Forex news and allows investors to interact with like-minded people to exchange trading ideas and information while learning how the crypto space works.
The foundation is fueled by the utility token $FXG, which allows holders to vote on platform activities. According to the team, the $FXG token allows holders to access trading discounts, rewards and benefits.
The legitimacy of FXGuys in the market has been verified by Soken Auditing $FXG Smart Contract. Investors are rushing to buy $FXG because of the increased privacy as there are no KYC checks.
Additionally, mock assessment tests b FXGuys The Merchant Funding Program begins at Pre-Sale Level 4. According to the roadmap, the marketing platform will go live in phase 6. The seed funding round was completed by FXGuys email subscribers within 24 hours when each $FXG token was sold at $0.010.
Currently, the private sale level has valued the token at $0.015. The official Phase 1 public sale of $FXG will begin in ten days. So the seed investors have recorded a 50% ROI and a 200% profit after $FXG moves to stage 1 of the public sale, which is at $0.030.
Despite Bitcoin's struggles, FXGuys dominates among Altcoins.
Arthur Hayes' prediction of a big week for Bitcoin could have big implications for the entire crypto market, especially for altcoins like Sui and FXGuys. As Bitcoin enjoys increased liquidity and market volatility, Sui's rapid discoveries and technological advances set it up for great growth.
on the other hand, FXGuys It is expected to take advantage of the bullish sentiment as many investors rush to buy $FXG in the pre-sale due to the huge rewards. Now is the time to join the $FXG presale before other altcoins are left in the dust and dry up to the moon.
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