Arthur Hayes Predicts Bitcoin to Hits $110K Before Support Test at $76.5k

Arthur Hayes, co-founder of the crypto exchange and derivatives trading platform BitMEX, predicts Bitcoin could soon reach $110,000. However, he also believes it might fall back to around $76,500.

Hayes’ positive view is based on the idea that the Federal Reserve will change its money policy from tightening to easing regarding U.S. Bonds. Hayes believes this change will significantly boost Bitcoin’s price. He also believes the current global tariff wars are just “temporary inflation” and won’t affect Bitcoin’s expected rise.

I bet $BTC hits $110k before it retests $76.5k.

Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause “transitory inflation”. JAYPOW told me so.

I’ll expound on that in my next essay, that’s the TLDR for your TikTok peanut brain.

— Arthur Hayes (@CryptoHayes) March 24, 2025

Crypto analyst Ali Martinez pointed out that Bitcoin transfer volume has significantly decreased. It dropped from $87 billion in the past month to $42 billion. The drop in transfer volume suggests investors are becoming more cautious and “holding” their investments, which could mean the market is stabilizing. Whether this will help or hurt Hayes’ prediction is unclear, but it adds another factor to consider when considering Bitcoin’s future.

Arthur Hayes Previous Bitcoin Predictions

On February 28th, Hayes predicted that the crypto market might see more price changes for Bitcoin. Following his predictions, BTC’s price had fallen under $80,000, the lowest in over three months.

This drop happened because people were unsure about possible trade taxes, making the market less favorable. Within an hour of these predictions, more than $730 million in cryptocurrencies were sold, with Bitcoin losing the most value.

Because of this, Bitcoin’s price went under $80,000 for the first time since November 2024. Other significant cryptocurrencies, such as Ethereum, XRP, Solana, and Dogecoin, also dropped about 8%, showing that the whole market is down. Bitcoin and other digital assets have lost 20-25% of their value this week.

Bitcoin Price Trajectory

In the past 24 hours, the Bitcoin (BTC) trading amount was $21 billion. That figure is a 169.40% jump from the day before, according to CoinGecko data. BTC once reached a high of $108,786 and a low of $67.81. Currently, it is trading at 19.65% lower than its highest price and 128,812.48% higher than its lowest price.

The price of the apex coin increased by 4.60% last week. That is higher than the overall cryptocurrency market, which has increased by 4.10%.