BitMex founder Arthur Hayes said the Bitcoin and Ethereum could be primed for severe losses if they dropped below a certain level. For Bitcoin, Hayes sees a drop below $20,000 causing a spot-selling cascade. He sees a similar scenario playing out for Ethereum if it falls below $1,000. Hayes says that open interest and positioning

The post BitMex Founder Sees Carnage If Bitcoin, Ethereum Breach These Levels appeared first on CoinGape.



Share To:

CoindeskCrypto

Post A Comment:

0 comments so far,add yours

Binance Founder Issues Warning As Ronaldinho Coin (Star10) Price Soars 80%

Brazil Football icon Ronaldinho has made headlines in the crypto space today with the launch of a new token on the BNB Chain. The token, nam...