1. Arthur Hayes: Cryptocurrencies are expected to break free from the sideways downward trend starting from September, with a "very bullish" crypto market in 2025

JIN10
2024.08.13 02:48
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Arthur Hayes expects cryptocurrencies to break free from the sideways downward trajectory in September and usher in a crypto bull market by 2025. Analysts believe that the mid-term crypto market may further decline. The BTC put option skew has recovered from a panic period to -5%. Bitcoin may drop below the $60,000 mark due to institutions ceasing stablecoin purchases. The crypto market saw a 6.1% increase in market capitalization in July, while DeFi total TVL grew by 3.5%. An online meeting proposed by Democratic supporters of cryptocurrencies in the US will be held on August 15th. The US SEC has accused NovaTech of committing cryptocurrency fraud on a scale of up to $650 million. Symbiotic has launched a development network and plans to launch the full mainnet in the third quarter. Arthur Hayes believes that if BTC and ETH break through $70,000 and $4,000 respectively, the altcoin season will return. The DeFi market share has dropped to its lowest level in three years. NAVI DeFi protocol's TVL has surpassed $290 million, reaching a historic high

  1. Arthur Hayes: Cryptocurrencies are expected to break free from the sideways downtrend starting in September, and the crypto bull market in 2025 will be "very brilliant".

  2. Analyst: The death cross formed by the 50-day and 200-day moving averages may lead to further decline in the mid-term crypto market.

  3. QCP Capital: The BTC put option skew has recovered from -25% during the panic period to -5%.

  4. Bitcoin breaking below the $60,000 mark may be due to institutions ceasing stablecoin purchases.

  5. Binance report: The market capitalization of the crypto market increased by 6.1% in July, while the total value locked (TVL) in DeFi grew by 3.5%.

  6. An online meeting proposed by supporters of cryptocurrencies in the US Democratic Party will be held on August 15th.

  7. The US SEC accuses NovaTech, its executives, and founders of committing a $650 million cryptocurrency fraud.

  8. The re-collateralization protocol Symbiotic has launched its development network and plans to release the full mainnet in the third quarter.

  9. Arthur Hayes: The altcoin season will only return if Bitcoin and Ethereum break through $70,000 and $4,000, respectively.

  10. The market share of DeFi has dropped to the lowest level in three years.

  11. The TVL of the DeFi protocol NAVI has surpassed $290 million, reaching a historical high

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