Bitcoin is reportedly not expected to revisit the $77,000 price point soon, following indications from the Federal Reserve that quantitative tightening (QT) may be slowing down. Arthur Hayes, co-founder of BitMEX, suggested that the $77,000 mark might be considered a bottom for Bitcoin as QT is “basically over.” This sentiment follows the Fed's announcement on March 19 that starting in April, it will significantly decrease its monthly Treasury securities sell-off from $25 billion to $5 billion. On March 10, Bitcoin approached the $77,000 level for the first time since November, as noted by CoinMarketCap. Hayes also pointed out that easing liquidity pressures may benefit risk assets such as Bitcoin, which are typically influenced by monetary policy adjustments by central banks aiming to reduce the money supply. Further supporting this idea, other analysts like Jamie Coutts from Real Vision expressed similar views, labeling QT as “effectively dead” and noting increased treasury stability after a dip in the US dollar’s value. Other optimistic voices in the crypto space included Axie Infinity co-founder Jeff "JiHo" Zirlin, who remarked that a slowdown from the Fed could provide significant support to markets. Despite Bitcoin's substantial drop—nearly 22% from its all-time high of $109,000 in January—Kain Warwick, founder of Infinex, characterized the current market dynamics as a “normal mid-bull correction,” maintaining a bullish outlook for the remainder of the year. The overall sentiment in the cryptocurrency market has improved, as reflected in the Crypto Fear & Greed Index moving into "Neutral" territory after weeks in the "Fear" zone. However, it’s important to note that this article does not provide investment advice, and all readers should undertake their own research before making financial decisions.

Bitcoin is currently not expected to return to the $77,000 price point anytime soon, as the Federal Reserve has indicated a slowdown in quantitative tightening (QT). Arthur Hayes, co-founder of BitMEX, posits that the $77,000 level might represent a bottom for Bitcoin, particularly as QT appears to be “basically over.” This follows the Fed's March 19 announcement that it will significantly reduce its monthly sales of Treasury securities from $25 billion to $5 billion starting in April. On March 10, Bitcoin approached the $77,000 mark for the first time since November, according to CoinMarketCap. Hayes highlighted that easing liquidity pressures could benefit risk assets like Bitcoin, which are often impacted by central bank monetary policy aimed at contracting the money supply. Echoing Hayes, Jamie Coutts, chief crypto analyst at Real Vision, described QT as “effectively dead” and noted an increase in stability in treasury markets after the U.S. dollar's drop earlier this month. Furthermore, Axie Infinity co-founder Jeff "JiHo" Zirlin remarked that the Fed's slowdown is favorable for both the crypto and equity markets. Despite Bitcoin's recent decline of nearly 22% from its all-time high of $109,000 in January, Kain Warwick, founder of Infinex, labeled this as a “normal mid-bull correction” and remains optimistic about Bitcoin’s trajectory for the rest of the year. Additionally, the overall sentiment in the cryptocurrency market has improved, as evidenced by the Crypto Fear & Greed Index, which has transitioned into "Neutral" territory after weeks of being in the "Fear" zone. However, it is important to emphasize that this article does not constitute investment advice, and readers are encouraged to conduct their own research when making financial decisions.