Bitcoin Bull Market Underway Amid Treasury Liquidity Boost
Arthur Hayes, co-founder of BitMEX, believes a Bitcoin bull market is underway due to recent actions by the U.S. Treasury.
The expansion of longer-dated Treasury buybacks, according to Hayes, is increasing dollar liquidity which could favor Bitcoin significantly.
This commentary comes at a time when traders are looking for signs of market recovery as the broader cryptocurrency market has been displaying mixed signals lately.