Bitcoin's Fall Below $40,000: What's Next for Crypto?
TL;DR Summary
BitMEX co-founder Arthur Hayes predicts a 30% correction for Bitcoin from its 2024 high, expecting it to drop to the $30,000 to $35,000 support zone. He plans to purchase 29 March 2024 $35,000 strike puts and invest in altcoins Solana and Dogwifhat when Bitcoin falls below $35,000. Dogwifhat, a meme asset on the Ethereum competitor, and Solana have seen price increases, while Bitcoin is currently trading at $40,008 with a marginal increase over the last day.
- Arthur Hayes Reveals Two Altcoin Picks, Warns Bitcoin Has Further To Drop – Here’s His Outlook The Daily Hodl
- Crypto fans got what they wanted. So why is bitcoin falling? CNN
- Crypto exec sees 'mid to low' $20K BTC price before new all-time highs Cointelegraph
- Bitcoin bounces back after tough fortnight; ETFs still in focus - Crypto Roundup Proactive Investors
- Bitcoin (BTC) Fall Continues Below $40000 - Will Price Bounce Soon? BeInCrypto
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