BitMEX co-founder Arthur Hayes thinks the crypto market is exploding, pointing to some key recent events

In a recent podcast, the renowned analyst highlighted a spike in the MOVE Index on April 9, 2025, noting that as a crucial development signaling a change in the market dynamics.

BitMEX co-founder Arthur Hayes thinks the crypto market is set to explode, pointing to some key recent events as crucial for both the cryptocurrency and mainstream financial worlds.

In a recent podcast, the renowned analyst highlighted a spike in the MOVE Index on April 9, 2025, as a crucial development signaling a change in the market dynamics.

We are live Bitches! GM https://t.co/s0xPkjJQLM

Hayes: MOVE Index Spike, Bond Illiquidity Signal Broader Market Volatility

According to Hayes, the spike in the MOVE Index stemmed from decreasing liquidity in the bond market, which in turn sparked an increase in market volatility.

The analyst noted historical trends over the past few decades, where the spiking MOVE Index triggered volatility in the mainstream financial sector, pushing investors to seek out viable alternatives.

This, in return, created an environment for cryptocurrencies to flourish as investors searched for assets that could retain their value amid the turbulent market conditions.

Beyond the spike in MOVE Index, Hayes highlighted developments within the US sociopolitical sector. He especially pointed out some of President Donald Trump’s recent decisions that helped trigger a surge in the cryptocurrency market.

Hayes identified President Trump’s decision to pause tariffs for 90 days as a key factor. He believes this pause was a big help for the latest price surge in Bitcoin and other cryptocurrencies.

Bitcoin's April 9 Low a Definitive Bottom, Predicts Arthur Hayes

Hayes considers the April 9 $74,588 low a turning point for Bitcoin, and predicts the cryptocurrency’s price would never return to that level. He observed how Bitcoin gained about 45% value from that level, climbed above a crucial resistance, and reclaimed the $100,000 support while aiming for a new all-time high.

The renowned Bitcoin bull thinks liquidity is returning to the crypto market, and other crucial factors are aligning to trigger the next phase of a Bitcoin rally. He analyzed the US economic sector dynamics, highlighting its effect on the crypto market and the processes that amounted to momentum for Bitcoin and cryptocurrency.

Stay informed about the latest developments in the cryptocurrency market and engage in insightful conversations about Bitcoin and other digital assets. Join our Telegram community today and stay ahead of the curve in the rapidly evolving crypto space.

Bitcoin traded for $106,343 at the time of writing after retracing slightly from an early morning surge that pushed it closer to an all-time high. According to data from TradingView, Bitcoin’s all-time high remains at $109,356, and analysts believe it is a matter of time before the cryptocurrency’s price surpasses that level to head for new highs.