Arthur Hayes, the former CEO of BitMEX, predicts that the price of Bitcoin will rise 26% to $110,000 and anticipates that the Fed will switch to quantitative easing (QE).
Arthur Hayes, the former CEO of BitMEX, predicted that the Federal Reserve will soon switch to quantitative easing and predicted that the price of Bitcoin would rise to $110,000. His remarks were made as Bitcoin has been rising in anticipation of this week’s key inflationary core US PCE data release. With significant inflows into Bitcoin ETFs last week, institutional interest in BTc is also rising.
Arthur Hayes said that Bitcoin price rally to $100K coming
Arthur Hayes, the former CEO of BitMEX, has boldly predicted that Bitcoin will reach $110,000 before resuming its $76,500 level. Hayes ascribed his optimistic stance on Bitcoin to the Fed’s impending policy change, indicating a shift from quantitative tightening (QT) to quantitative easing (QE) in the near future.
In addition, Hayes minimized the effect of Trump’s tariffs, calling them “transitory inflation,” as Fed Chair Jerome Powell has observed. The former CEO of BitMEX also mentioned last week that there was a possibility of a Bitcoin bottom formation at $77,000, but he also predicted an upward trajectory going forward.
With a daily trading volume up 74% to $16.69 billion, the price of Bitcoin is up 3.17% at $86,758 as of this writing, indicating a strong optimistic undertone. According to Coinglass statistics, open interest in Bitcoin futures has increased by 7.79% to over $56 billion, with 24-hour short liquidations surpassing $50 million.
US PCE data to highlight inflation trajectory
The U.S. core PCE price index for February, the Federal Reserve’s most anticipated inflation indicator, will be released this week. With projections indicating an increase from 2.6% to 2.7%, market estimates indicate a little recovery in the index.
The Fed will provide more information on inflationary trends and provide the final one-year inflation rate prediction for March along with the US PCE data. In the future, this will influence how the market feels about risky investments. The main activities planned for this week are listed below.
Key Events This Week:
1. S&P Global Manufacturing PMI data – Monday
2. CB Consumer Confidence data – Tuesday
3. February New Home Sales data – Tuesday
4. Atlanta Fed GDPNow data – Wednesday
5. US Q4 2024 GDP data – Thursday
6. February PCE Inflation data – Friday
We are…
— The Kobeissi Letter (@KobeissiLetter) March 23, 2025
Institutional demand for BTC picks up once again
The price of Bitcoin has increased once more due to an increase in institutional demand for the cryptocurrency. The US spot Bitcoin ETFs saw inflows for six days in a row last week, indicating a robust resurgence in demand.
Corporate entities such as Strategy (MSTR) and Metaplanet have also persisted in acquiring Bitcoin. Japan’s Metaplanet said it had purchased an extra 150 Bitcoin during Monday’s early trading hours in Aisa, bringing its total holdings to 3,350 BTC. At an average purchase price of $83,801 per Bitcoin, the corporation disclosed an investment of $12.6 million earlier today.
The total investment, at an average of $83,224 per Bitcoin, is about $278.8 million. Notably, Metaplanet has produced a remarkable 68.3% BTC return so far this year. Eric Trump joined Metaplanet’s board of advisers last week in order to further the company’s efforts to acquire Bitcoin. Michael Saylor, executive chairman of Strategy, has also alluded to future Bitcoin acquisitions.
Needs more Orange. pic.twitter.com/BRyWs1ey80
— Michael Saylor⚡️ (@saylor) March 23, 2025
Can Donald Trump’s endorsement save the TRUMP token from declining investor interest?
Following a shoutout from US President Donald Trump, the TRUMP token, a memecoin based in Solana that is associated with him, has seen daily trade volume approach $1 billion.
Trump’s impact in the bitcoin field is reflected in this spike in volume. Price data, however, indicates that investors are no longer as excited about the coin as they were at debut and have instead become suspicious.
Can the TRUMP meme coin sustain its momentum in April?
The most recent rise happened immediately following Trump’s March 23 TruthSocial tweet on the coin.
Trump’s fervent support caused a 10% increase in the token’s value. With a daily trading volume of over $1 billion, it is now trading at over $11.8, which is double the average of earlier days.
The coin is still 85% below its peak price of $77, even with this price gain. The drop is a reflection of declining investor interest.
Additionally, because a significant number of TRUMP tokens are scheduled to be unlocked in April, some investors worry that selling pressure may resume.
Data from Cryptorank indicates that 40 million TRUMP tokens will become available on April 18. This is worth more than $472 million and represents 4% of the whole supply. Following then, until the end of 2027, at least 500,000 TRUMP tokens will be issued every day. Retail investors’ expectations may drop and selling pressure may increase as a result of this unlocking process.
Trump is shilling $TRUMP coin on truth social
1.5 billion dollars worth of tokens unlock on April 18th
Seems like they are grabbing some exit Liqutity before the unlock pic.twitter.com/RxuNW6FQJ5
— HENRI.SOL (@henri_sol) March 23, 2025
The TRUMP joke currency held an airdrop for fans last month to commemorate its one-month anniversary. Nevertheless, since the start of the year, the token has been steadily declining because to the general slump in the meme coin market, and this effort was unable to halt it.
On January 17, 2025, President Donald Trump introduced the TRUMP token. It first attracted the interest of the cryptocurrency world, peaking at $15 billion in market value two days after introduction.
In addition to the TRUMP token, his spouse also unveiled the MELANIA token. According to a Chainalysis analysis, just 40 wallets hold 94% of the TRUMP and MELANIA coins, indicating a highly concentrated distribution among whales.
Shiba Inu ETF pitched by executive. Will SHIB price rally begin?
Given the coin’s robust market dynamics, Executive Lucie hinted that the development of a Shiba Inu ETF is feasible. Will the price of SHIB rise?
By emphasizing the likelihood of a Shiba Inu ETF approval in the near future, a well-known SHIB community executive repeated a significant market buzz on Monday. Notably, Lucie, the marketing lead, identified important elements that made the meme coin with a dog theme ideal for an ETF product. Given this accomplishment, traders and investors expect a SHIB price surge to begin in the aftermath of recent worldwide pro-crypto developments. Concurrently, a remarkable intraday increase of +8000% in the dog-themed coin’s burn rate cemented optimistic market attitudes on its price.
Is Shiba Inu ETF filing possible? Lucie’s post sparks optimism
The dog-themed meme currency has strong qualities that make it an excellent choice for a SHIB ETF, according to a recent X post by Lucie. According to Lucie, the meme coin is accessible on all of the major cryptocurrency trading platforms as well as more than 110 exchanges with 212 trading pairs.
SHIB is listed on over 110 exchanges with 212 trading pairs—including all the major platforms.
It’s basically everywhere: easy to access, easy to trade.Is SHIB good for an ETF?
YES.Will boomers invest in a “doggy coin”?
Also yes.
Because SHIB isn’t just a meme—it’s…— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 23, 2025
In light of this, the marketing lead claims that the cryptocurrency is a great choice for an ETF product because of its accessibility on a worldwide scale. She continued by saying, “Because SHIB isn’t just a meme—it’s decentralized, community-driven, and built to last.”
First and foremost, these remarks became widely accepted in the market as a whole in tandem with the recent waves of optimism brought forth by crypto-backed ETF registrations. According to data, Canary Capital has submitted an S-1 to the US SEC seeking approval of an SUI ETF.
Additionally, the likelihood of a DOGE ETF being approved increased after the US SEC recognized Grayscale’s earlier application. Amid more general crypto-ETF filings, there are still rumors that BlackRock may file for a Dogecoin ETF. The likelihood of a Shiba Inu ETF filing in the future is greatly increased by these factors taken together.
SHIB burn rate surge adds market optimism
This Monday, the SHIB burn rate increased by an astounding 8454%, which increased investors’ price optimism. The amount of meme coins in circulation was severely damaged when little over 1 billion were burned in the last day. Following the principles of supply and demand, positive investor views regarding price then take over.
To put things in perspective, the burn mechanism sends tokens to a null address, so permanently reducing the meme coin’s quantity. Consequently, there is a paradigm shift toward optimistic market opinion regarding future price behavior.
Following the severe hit, the total amount of coins in circulation was estimated to be 584.35 trillion. These events, when combined with the Shiba Inu ETF registration rumors, suggest that a price surge is imminent.
SHIB price overview today
The price of SHIB increased by 1% as of the time of writing, closing at $0.00001303. During the last day, the coin hit its lowest and highest points at $0.0000128 and $0.00001309. Notably, the recent spike in burn rates and the soaring expectation for an upcoming ETF application are consistent with the rising action.
Coinglass data also showed that market interest in the asset was growing at the same time. At $121.69 million, Shiba Inu futures OI was up 3.5%. Additionally, the amount of derivatives increased by 24% to $71.18 million. In light of recent developments, such as an increase in burn rate and rising chances for Shiba Inu ETFs, the attitude around the meme currencies seems to be favorable overall.
