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Arthur Hayes also believes that Ethereum’s price could fall to $2,500. The gradual uptick in the price of prominent cryptocurrencies from last month appears to have cooled amid the development of new regulations in both the UK and the US. BitMEX co-founder Arthur Hayes believes that another crypto carnage may just be around the corner. Calamitous Outcome In a recent blog post , Hayes stated that crypto-asset moves in tandem with the debt-based, “un-free” risk asset markets such as global developed market equities. Currently, the two largest cryptocurrencies, Bitcoin and Ethereum, were trading at $41,500 and $3,050, respectively. However, the...
