Legendary crypto trader Arthur Hayes has predicted a financial crisis worse than 2008 will catapult the bitcoin price to a record

Bitcoin fell by as much as 5% after President Donald Trump announced plans to raise global tariffs to 15%, rattling risk sentiment across markets.

Time, not price, is probably going to be more frustrating for bulls from here, wrote James Check, but bitcoin has been mostly de-risked at this point.

I’ve been calling the bitcoin crash since the bubble hit $100,000, when I bailed. Now we are approaching the denouement of this cycle’s bitcoin crash.

Bitcoin drifted lower Monday night. By Tuesday morning, the crypto had broken below $63,000. Bitcoin has been in a bear market since the end of 2025, and institutional investors have been hesitant to put their money into the speculative asset.

Glassnode data shows a 43% surge in supply clustered in the $60K to $70K range following bitcoin’s 50% decline from its October all time high.

Bitcoin’s critics have long argued the network cannot function as everyday money.

Reactions on X reflected skepticism. CoinDesk senior analyst James Van Straten called the timing “panic selling at the lows,” noting Bitdeer had just raised fresh capital. Braiins CEO Eli Nagar argued better liquidity tools exist and said selling bitcoin, “the hardest asset,” should be the last option, not the first.

Bitcoin is showing signs of structural maturity that may make the 2025–2026 bear market its mildest in history. According to Adam Livingston, data from price action, volatility, and liquidity indicate that both upside and downside extremes are significantly compressed.

Bitcoin fell below $65,000 on the back of a worrying research note on the impacts of artificial intelligence.