Bitcoin to $110K next, Hyperliquid whale bags $6.2M ‘short’ exploit: Finance Redefined

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Bitcoin price is poised to hit $110,000 before retesting the $76,500 range, according to Arthur Hayes, pointing to easing inflationary concerns and more favorable monetary policy conditions in the US that are set to bolster risk assets, including the world’s first cryptocurrency.

Still, the decentralized finance (DeFi) industry took another hit after an unknown whale exploited Hyperliquid’s algorithms to generate over $6 million in profit on a memecoin short position.

Bitcoin “more likely” to hit $110,000 before $76,500 — Arthur Hayes

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Bitcoin to $110K next, Hyperliquid whale bags $6.2M ‘short’ exploit: Finance Redefined


Bitcoin price is poised to hit $110,000 before retesting the $76,500 range, according to Arthur Hayes, pointing to easing inflationary concerns and more favorable monetary policy conditions in the US that are set to bolster risk assets, including the world’s first cryptocurrency.

Still, the decentralized finance (DeFi) industry took another hit after an unknown whale exploited Hyperliquid’s algorithms to generate over $6 million in profit on a memecoin short position.

Bitcoin “more likely” to hit $110,000 before $76,500 — Arthur Hayes

Bitcoin…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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