News Snapshot:
Arthur Hayes, the former chief executive of crypto derivatives exchange BitMEX, is issuing a warning to investors, saying that all crypto assets apart from Bitcoin (BTC) and Ethereum (ETH) could see devastating losses. In a new article, Hayes says that if BTC and ETH dip below $30,000 and $2,000 respectively in the coming months, he’d consider dumping all of his other crypto assets as they could see staggering losses. “If I believe that Bitcoin could trade below $30,000 and Ether below $2,000 in a three-to-six month time horizon, I will dump all of my sh*tcoins. That is because Bitcoin and...
