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Arthur Hayes Predicts Bitcoin, Ethereum Drop Amid Weak Jobs Data

8/4/2025

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Summary

Story summary

Arthur Hayes anticipates a 19% drop in Bitcoin and Ethereum prices due to weak U.S. employment data.
He liquidated over $13 million in cryptocurrencies, retaining $22.95 million in USDC.
Predictions suggest Bitcoin could fall to $100,000 and Ethereum to $3,000.
Analysts note improved market stability following BlackRock's Bitcoin ETF filing.
The cryptocurrency market remains sensitive to macroeconomic factors and evolving investor trends.

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Story summary

Arthur Hayes anticipates a 19% drop in Bitcoin and Ethereum prices due to weak U.S. employment data.
He liquidated over $13 million in cryptocurrencies, retaining $22.95 million in USDC.
Predictions suggest Bitcoin could fall to $100,000 and Ethereum to $3,000.
Analysts note improved market stability following BlackRock's Bitcoin ETF filing.
The cryptocurrency market remains sensitive to macroeconomic factors and evolving investor trends.