Andrew Tate Liquidated 8 Times in 16 Hours, Arthur Hayes Buys More ETH: Quick Bits
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Federal Reserve FOMC hawkish tone under the new Chairman triggered sharp crypto market volatility that liquidated roughly 100,000 traders yesterday, including social media figure and former boxer Andrew Tate, underscoring liquidation risk and short-term downside pressure for leveraged positions. Meanwhile ex-BitMEX CEO Arthur Hayes has pivoted bullish on Ethereum, suggesting potential renewed interest and adoption for the second-largest cryptocurrency, though macro headwinds from Fed policy may mute near-term market upside.
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The recent market volatility, mostly prompted by the Federal Reserve’s FOMC meeting and the hawkish tone of the new Chairman, liquidated roughly 100,000 traders yesterday, with one of them being the famous social media personality and former boxer, Andrew Tate.
In this quick-bits article, we will also explore Arthur Hayes’ recent bullish pivot toward the second-largest cryptocurrency by market cap.
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