Arthur Hayes, chief investment officer of Maelstrom Fund, has issued a warning that Bitcoin may fall back to the $100,000 level alongside Ethereum's potential drop to $3,000 due to macroeconomic pressures. He attributes this forecast to rising tariff fears and disappointing job growth, evidenced by the US non-farm payroll report that indicated only 73,000 new jobs added in July. Hayes has already taken profits from his crypto investments, having sold over $13 million in Ethereum, Ethena, and Pepe amid these concerns. He believes that tight credit markets and a slowing job market might challenge risk-on assets like Bitcoin and Ether, causing significant price corrections. Currently, Bitcoin has decreased by over 7.7% since its high on July 14, while Ether has fallen 12.5% since July 28. Despite this bearish outlook, some analysts argue that Bitcoin has matured—pointing out its reduced volatility since a notable BlackRock filing in June 2023, suggesting its large fluctuations may be a thing of the past.

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