$100 Billion Bitcoin And Crypto ETF Price Crash Suddenly Accelerates After Serious Fed Warning—Hitting Ethereum, XRP And Solana

Bitcoin Bitcoin and cryptocurrencies, including the top ten coins Ethereum, XRP XRP and Solana—fell sharply despite big bets on Bitcoin's $10 trillion price.

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The price of Bitcoin has fallen by almost 10% in the last 24 hours, affecting the price movements of Ethereum.

Before the Bitcoin price crash, legendary Bitcoin and cryptocurrency trader Arthur Hayes warned that the Federal Reserve could cause Bitcoin prices to fall by 30%, predicting a "precipitous drop" in the coming months.

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Hayes, chief investment officer of family office Maelstrom and former CEO of Bitcoin derivatives exchange pioneer BitMex, wrote on his blog: “This March, I’m ready to welcome all the crypto tourists.”

“I put crypto into the second half of 2023 and now think there is a no-trade zone until April in terms of higher risk.”

According to Hayes, the price of Bitcoin could fall by 20-30% due to the “rubbing of dollar liquidity.” However, expect Bitcoin prices to rise quickly as the Federal Reserve resumes printing money.

“Bitcoin will initially fall sharply along with broader financial markets, but will recover ahead of the Federal Reserve meeting,” Hayes said. “This is because Bitcoin is the only neutral reserve stablecoin traded globally and is not a liability of the banking system.”

The 2022 Bitcoin price crash that wiped out $2 trillion in control over Bitcoin and Ethereum. .

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Bitcoin prices will rise significantly in 2023 as BlackRock's development accelerates.

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Wall Street's efforts to bring a spot Bitcoin ETF to market reached a climax this week when the U.S. Securities and Exchange Commission (SEC) later backed down.

“The approval of a spot Bitcoin ETF remains a news-selling event, but we think it will be very superficial in the short term,” said KK Zheng, chief investment officer at cryptocurrency hedge fund ZX Squared Capital. “If there is a significant drop in Bitcoin prices in the short term, we believe this would be a great opportunity to significantly increase long positions.”