Arthur Hayes: Trump's control over the Republican Party will determine Bitcoin's next move
According to online reports, BitMEX co-founder Arthur Hayes posted on X that the encryption market is currently entering a stage of adjustment and is waiting for further developments. If Trump fails to pass his budget to increase spending and raise the debt ceiling, Bitcoin could fall back to pre-election victory levels of $75,000 to $70,000, a situation that will test whether Trump's control within the Republican Party is strong enough.
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