Arthur Hayes

These 3 Technical Signs Show Bitcoin Could Soon Reverse Lower

Bitcoin has surged higher since bottoming last week under $10,000. The coin now trades for $10,850, slightly shy of the local highs at $11,150. BTC seemingly remains in a bull trend as it holds above the pivotal $10,500 support. $10,500 has long been an important level for Bitcoin, acting as a point at which three separate rallies have topped over the past year. Despite the price action, three technical signs show that a near-term reversal is likely. The reversal will likely drive the cryptocurrency towards the low-$10,000s once again. Most

Why An Analyst Thinks Bitcoin Is “OK” as Long as This Level Holds

Bitcoin has undergone a strong correction over the past few days. The cryptocurrency, after peaking near $12,100 last week, reached a low of $9,800 over the past few days. Bitcoin has since undergone a bounce, with the coin now trading at $10,400 as of this article’s writing. While there are bears calling for a bear market, a historically accurate trader says Bitcoin remains in a good spot. The caveat is that BTC must hold $9,000, or else it may risk a reversion to the lows. Bitcoin Remains in a Bullish

SushiSwap on Roller Coaster Ride as Founder Cedes Control

Things in crypto-land move fast. On Sept. 5, the market sent SUSHI in a downward price spiral. By Sept. 6, investors were infused with new hope as the anonymous founder of SushiSwap transferred control of the project. Following the sale of the SUSHI tokens by the founder, the project became a dark horse in the industry. Quick Listings of Unaudited Tokens Two of the biggest exchange platforms in crypto, FTX and Binance, had been very quick to list SushiSwap’s token. The speed of the listings is quite different from what