BitMEX Co-Founder Spots Bitcoin’s Support Between $30K and $35K

• Arthur Hayes criticizes Janet Yellen and Jerome Powell’s oscillating decisions that negatively impact the crypto space.
• Hayes describes the prevailing bearish trend in Bitcoin as a TradFi mini-financial crisis.
• Predicting Bitcoin’s further dip below $35K, Hayes spots BTC’s support between $30K and $35K.

BitMEX co-founder Arthur Hayes recently shared insights on the potential impacts of the oscillating decisions of Treasury Secretary Janet Yellen and Fed Chair Jerome Powell on the crypto space. In the essay entitled “Yellen or Talkin’?” Hayes also pointed out that the recent dip in Bitcoin highlights a “TradFi mini-financial crisis.”

Initially, Hayes’ essay reflected on the discrepancy between Yellen and Powell’s words and actions. He asserted that though Yellen proclaimed a shift of the majority of borrowing to Treasury bills (T-bills), she shifted just her department’s borrowing to T-bill…

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