News Summary

• Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the marketFederal Reserve chair Jerome Powell triggered a bitcoin price crash that wiped $2 trillion from the ... [+] combined ethereum, XRP, solana and crypto market in 2022..
• "I am preparing for a vicious washout of all the crypto tourists in March of this year," Hayes, the chief investment officer of family office Maelstrom and the former chief executive of the bitcoin derivatives pioneer exchange BitMex, wrote in a blog post..
• "The approval of spot bitcoin ETFs is still a 'sell the news' event, but we believe it will be very shallow in the near term" CK Zheng, chief investment officer at crypto hedge fund ZX Squared Capital..
• "If there is any material pullbacks in the bitcoin price during the short term, we believe it will be a great opportunity to add significantly more long positions.".
• "The bitcoin price could crash between 20% to 30%, according to Hayes, due to "a dollar liquidity rug pull.".
• However, he said he expected the bitcoin price to quickly rebound due to the Federal Reserve restarting its money printer..