BitMEX CEO on Market Volatility

BitMEX CEO Arthur Hayes anticipates major crypto market volatility ahead due to US President Donald Trump’s plans to introduce unilateral tariffs before the July 9 deadline.

The market is experiencing selling pressure in the last 24 hours, despite breakthroughs in the US-China trade deal. Additionally, the lower-than-expected US CPI print has not acted as a catalyst to push Bitcoin prices above the $110K resistance level.