Arthur Hayes expects increased pressure on bitcoin and ether

by in Cryptocurrency News

Arthur Hayes

In mid-June, the founder of the BitMEX exchange, Arthur Hayes, did not rule out a stronger pullback for Bitcoin and Ethereum.

Related: Arthur Hayes does not rule out a stronger fall in BTC and ETH

In his opinion, if the leading digital currencies fall below the psychological levels of $20,000 and $1,000, then sales may become aggressive. This is exactly what we saw over the weekend.

Now the founder of BitMEX is warning traders about a new phase of BTC weakness. The market will enter it approximately on June 30th. The most dangerous period will last until July 5-6.

Hayes hopes the leading digital currencies can withstand the pressure and stay above $20,000 and $1,000. He also touched on the DeFi and NFT markets. Hayes predicts that the growth of the decentralized finance ecosystem will resume soon.

He called Uniswap, SushiSwap, Curve, and PancakeSwap the most promising protocols. Trading volumes on these platforms will grow even if the crypto market finally plunges into the “crypto winter” state.

LooksRare NFT marketplace is considered by Hayes as the most attractive platform for transactions with tokenized collections.