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Arthur Hayes on Market Chaos: Bitcoin Must Hold This Level Until Tax Day

Former BitMEX CEO Arthur Hayes, for one, commented on the latest market turmoil and cautioned Bitcoin traders about potential volatility in the coming weeks. In a post on X, Hayes stated, “Market no likey ‘Liberation Day.’ If $BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the woods. Don’t get chopped up!” Bitcoin’s Recovery Not Yet Confirmed His comments come as Bitcoin’s price dropped toward $82,000 while gold surged past $3,150, reacting to heightened global uncertainty following US President Donald Trump’s sweeping tariff announcements. The Trump administration imposed a 10% tariff on all countries starting April 5, with steeper rates for major economies such as China (34%), the European Union (20%), and Japan (24%). The move, announced during an April 2 speech in the Rose Garden, was accompanied by a national emergency declaration, which further rattled financial markets. The crypto market initially reacted positively to the announcement. However, as the broader implications became clear, prices reversed sharply across the board. Bitcoin rallied to a high of $88,500 before retreating to a low of around $82,200. Meanwhile, Ethereum saw a sharper decline, as it fell from $1,934 to $1,797. During this time, the total crypto market cap dropped by over 5% to $2.7 trillion. The price action, so far, aligns with Glassnode’s analysis which revealed that Bitcoin is starting to show signs of near-term seller exhaustion, but a renewal of sustained bullish momentum, is yet to transpire. The blockchain intelligence form explained that after reaching its $109K peak in January, BTC continues to “digest” the correction, with growing evidence of investor losses being realized. Despite price stabilization within the $76K-$80K demand zone, on-chain momentum indicators suggest that these recoveries could be short-lived and part of a larger downtrend rather than a true market reversal. Avoiding Extended Turbulence Hayes’ latest remarks suggest that Bitcoin’s ability to maintain key support levels until April 15, the US tax deadline, could determine whether the crypto market stabilizes or faces extended turbulence. Interestingly, Hayes recently predicted that Bitcoin could surpass $250,000 by year-end, while citing expanding fiat supply as the key driver. He also said that he anticipates a strong 2025 rally if the US Federal Reserve shifts to quantitative easing (QE), injecting liquidity into the economy. The post Arthur Hayes on Market Chaos: Bitcoin Must Hold This Level Until Tax Day appeared first on CryptoPotato . Finbold

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Bybit and Zodia Custody join forces to work on institutional crypto security

Zodia Custody, a digital asset custody platform, and Bybit, the world’s second-largest cryptocurrency exchange by trading volume, have partnered up to promote institutional crypto security, according to the reports shared with Finbold on Thursday, April 3. The partnership will offer secure and segregated custody as well as off-venue settlement for Bybit’s institutional clients. Institutional crypto security As crypto becomes more prevalent in institutional investment circles, regulatory compliance and asset security become an increasingly important topic, especially in the light of growing scrutiny on the crypto industry . Zodia Custody’s Interchange solution addresses issues such as centralized control and counterparty exposure by ensuring institutional funds are stored outside the exchange while still being available for purchase on Bybit. In addition, this approach ensures full asset segregation while eliminating co-mingling, reducing exchange-related risks, and enhancing overall capital efficiency. Julian Sawyer, chief executive officer (CEO) at Zodia Custody, commented on the initiative, stating: As leading players in the industry, Zodia Custody and Bybit have a shared responsibility to provide tailor-made solutions to increase security and protect capital for the institutions that use our services. That’s what we’re delivering through this partnership. Shunyet Jan, Head of Institutional and Derivatives at Bybit, also noted Bybit’s commitment to compliance and cybersecurity : At Bybit, our mission is to provide institutional-grade solutions that meet the evolving needs of sophisticated investors. Our partnership with Zodia Custody underscores our dedication to compliance, security, and innovation in the digital asset space. A broader shift in crypto security Designed to serve financial institutions , government entities, and hedge funds, Zodia Custody focuses on regulatory-grade security and transparency. The platform is SOC 1 Type I and II certified, which further strengthens its position as one of the leading digital asset custodians among institutional clients. Looking ahead, Zodia thus expects the partnership to cause a broader shift in the crypto industry, creating a space for institutional clients to enjoy both speed and security in digital asset custody. The post Bybit and Zodia Custody join forces to work on institutional crypto security appeared first on Finbold . Finbold