Arthur Hayes, former CEO of BitMEX, recently got crypto enthusiasts excited by declaring the start of the new altcoin season on Twitter
Arthur Hayes, former CEO of BitMEX, recently took to Twitter to to announce the start of another altcoin season. “Allow me to introduce myself again. My name is ALTSZN!!!” he tweeted.
This came after Ethereum (ETH) experienced a price spike. The top altcoin peaked at $2,130 on the Bitstamp exchange earlier today.
As reported by U.Today, competitor Bitcoin (BTC) breaks above $2,000, thanks to the successful upgrade of Shapella and an unexpected drop in PPI inflation.
The altcoin market saw significant gains in the past 24 hours, with ETH up 9.4%, Binance’s BNB up 4.4%, Cardano (ADA) up 9.2% and Dogecoin (DOGE) up 9%.
In another tweet, Hayes shared a photo taken at Victoria Peak, a hill on the western half of Hong Kong Island, with the caption: “With the help of Lord Satoshi, I climbed the peak and threw bears from the top of the mountain so that they can suffer the wrath of the green doji.”
This reflects Hayes’ optimism for positive momentum in the cryptocurrency market, particularly for altcoins, amid a continued transition to bullish market conditions.
The day before, Hayes tweeted a question regarding the Bitcoin market: “Any theories as to why after almost 100% pump in $BTC after FTX, perp funding is still negative? Which cohort in the market provides pressure for marginal sale? The tweet sparked discussions among crypto enthusiasts trying to decipher the market dynamics behind the recent price moves.