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Crypto

Hayes Declares Bull Market as BTC Surges Above $80,000

Guavy AI Editorial Team
Instruments
BTC
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A new bull market has begun in Bitcoin, according to Arthur Hayes, founder of BitMEX. The declaration follows BTC's break above $80,000 on August 25.

Hayes argues that Treasury bond buybacks and possible cash deployment from the Treasury General Account could add liquidity in dollars and favor scarce assets like Bitcoin.

The move is supported by fresh demand for exchange-traded funds (ETFs), which attracted $337.56 million on August 24, marking a sixth straight session of net inflows.

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