BitMEX co-founder Arthur Hayes believes the traditional four-year crypto cycle is dead due to changes in the market dynamics. He argues that Bitcoin price cycles are now driven by the supply of USD and Chinese yuan, not halving events or institutional interest. This cycle is different due to US monetary policy changes and China’s approach to liquidity. The US central bank is expected to cut rates twice more this year, affecting Bitcoin’s price. Hayes explains how previous cycles ended based on monetary conditions tightening, not timing. He highlights the importance of Chinese and US money printing in each cycle. Hayes predicts that this cycle will be driven by US monetary expansion without Chinese deflation counteracting it. Despite Hayes’ arguments, some still believe in the traditional four-year cycle based on historical patterns. Glassnode and other analysts suggest that Bitcoin’s price action still follows previous cyclical patterns. Gemini’s head of APAC region, Saad Ahmed, also acknowledges the likelihood of some form of a cycle continuing.

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2. Ethereum price surges to all-time high above $2,200, driven by the upcoming network upgrade and increased demand for decentralized finance applications.

3. Dogecoin rallies over 400% in a week, fueled by social media hype and endorsements from celebrities like Elon Musk.

4. Binance Coin jumps to a new peak of $600, driven by strong demand for the exchange’s token and positive market sentiment.

5. NFT sales surpass $2 billion in Q1 2021, reflecting the growing popularity of digital collectibles and art among investors and collectors.: Bitcoin’s Four-Year Cycle Is Dead