Bitcoin Caught Up in a Macro-Driven Sell-Off, May Fall Further: Standard Chartered
There is a danger that forced or panic selling could lead to further bitcoin weakness and a break below $90K could lead to a 10% retracement, the report said.
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There is a danger that forced or panic selling could lead to further bitcoin weakness and a break below $90K could lead to a 10% retracement, the report said.
Risks stemming from the Middle East conflict are likely to push bitcoin below $60K before the weekend, the report said.
The Fed is likely to cut rates later Wednesday, starting the so-called liquidity easing cycle.
Bitcoin is expected to end the year at new all-time highs regardless of who wins the U.S. election, the report said.
Ethereum (ETH) has been conquering traditional finance attention, especially among relevant institutional players. Now, Standard Chartered, a banking giant with … Continue reading
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Standard Chartered would become one of the first global banks to enter spot cryptocurrency trading.
As the cryptocurrency landscape undergoes a volatile shift, Standard Chartered, a global banking behemoth, has voiced concerns about Bitcoin’s (BTC) … Continue reading
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The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the report said.
The bank also predicted that approval of an ether ETF could be expected on May 23, leading to as much as $45 billion of inflows in the first 12 months and ETH climbing to $8,000 by the end of 2024.
Libeara will enable the creation of a tokenized Singapore dollar government bond fund.