Arthur Hayes: No Secret Conspiracy Behind Crypto Market Crash
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Arthur Hayes stated on X that BTC derivatives do not trigger price fluctuations, but only amplify volatility in both directions. He noted that there is no secret conspiracy causing a crash in the cryptocurrency market, and since there is no government bailout, the market can quickly clear out over-leveraged investors and resume its upward trend.
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Crypto prices
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Bitcoin
BTC
$70,727.95
-4.03%
Ethereum
ETH
$2,006.06
-2.28%
Tether USDt
USDT
$0.9988
+0.01%
BNB
BNB
$653.2
-3.58%
USDC
USDC
$0.9998
+0.00%
XRP
XRP
$1.03
-1.94%
Solana
SOL
$80.99
-2.61%
TRON
TRX
$0.3151
-0.51%
Hyperliquid
HYPE
$72.71
+1.32%
Zcash
ZEC
$952.69
-4.42%
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