Bitcoin Stabilizes as Arthur Hayes Predicts Range-Bound Movement

Following recent volatility, Bitcoin's price stabilizes with predictions of steady trading between $60,000 and $70,000 until August.

Arthur Hayes, co-founder of BitMEX, suggests Bitcoin has reached a local bottom and expects the price to fluctuate between $60,000 and $70,000.
Recent U.S. financial policies and macroeconomic factors are influencing Bitcoin's stability and future market movements.
Over $100 million in crypto short positions were liquidated following a price rebound, indicating significant market activity.
U.S. unemployment data has led to a surge in Bitcoin's price, reflecting investor optimism towards potential Federal Reserve interest rate adjustments.
Hayes highlights the impact of U.S. Treasury and Federal Reserve policies on market liquidity, predicting a slow grind higher in Bitcoin prices.