Volatility is on the rise in the cryptocurrency market once again. Bitcoin attracts attention with BitMEX founder Arthur Hayes’ $110,000 prediction, while Ethereum is drawing investor interest with decreased supply on exchanges and increased leverage usage. As Bitcoin price movements capture investor attention, BitMEX co-founder Arthur Hayes made a bold prediction that the leading cryptocurrency would reach $110,000. Hayes shared on platform X that Bitcoin would first rise to $110,000, but after surpassing $87,000, it would retest $76,500. Referring to changes in the US Federal Reserve’s (Fed) monetary policies, Hayes mentioned that the transition from quantitative tightening (QT) to quantitative easing (QE) could initiate a strong rally in the crypto market. However, he avoided giving a specific time frame for his predictions. Following these statements, Bitcoin showed a strong increase, reaching $87,480 with a 3.71% rise. Ethereum also moved similarly with a 4.05% increase, climbing to $2,093. The total value of the crypto market increased by 2.94% within 24 hours, reaching $2.84 trillion. During this period, Bitcoin’s market value rose to $1.727 trillion, while its trading volume increased by 93% to $18.2 billion. Stablecoin transfers, which make up 94.74% of crypto trading, reached $57.58 billion. Investors focused on central bank policies and market momentum, disregarding the impact of US President Donald Trump’s planned customs tariffs on the markets. Solana Gains Investor Interest: Weekly Active User Count Reaches 17 Million In addition to Bitcoin, Solana (SOL) continues to receive significant attention from traders and institutions. Solana’s price surged over 7% in the last 24 hours, surpassing $139. This rise was influenced by the transfer of $72 million in assets from Ethereum to the Solana network. According to DeFiLlama data, Solana’s total value locked (TVL) reached 54.87 million SOL, the highest level since June 2022. On-chain analysis shows that 11.09 million wallets are now holding SOL, indicating a new peak. Solana’s weekly active address count hit 17 million, surpassing Ethereum’s 1.8 million user count. Binance data revealed a sharp increase in SOL wallet balances on the exchange last week. Traders started strengthening their Solana positions ahead of upcoming regulatory news and ETF applications. US-based Volatility Shares launched two Solana futures ETFs (SOLZ and SOLT) on Nasdaq on March 21. Furthermore, major financial institutions like Franklin Templeton and VanEck applied for spot Solana ETFs, indicating growing institutional interest. Trump’s Customs Tariff Announcements Increase Risk Appetite in the Crypto Market US President Donald Trump mentioned in the Oval Office that he could provide flexibility with planned customs tariffs. Trump stated, “People ask me about tariffs and if there are exemptions. If you do it for one person, you have to do it for everyone.” Utilizing the phrase “flexibility” as an important word, Trump said, “I’m not changing. But the word flexibility is an important word… sometimes you need flexibility.” Trump’s statements increased uncertainties regarding US global trade policies and affected the risk sentiment in the markets. During this period, US Treasury bond yields rose, with the 10-year yield increasing by three basis points to 4.282%, and the 2-year yield rising to 3.979%. The rise in yields indicates reduced concerns in the market about a full-blown trade war.