Standard Chartered: Market sell-off may subside, currently BTC key support level at $76500

星球日报|Apr 07, 2025 11:31
Odaily Planet Daily News: Standard Chartered Bank stated that as signs of "American isolationism" begin to affect market sentiment, Bitcoin may benefit from the rising risk of tariffs. Geoffrey Kendrick, Global Head of Digital Asset Research, said that US isolationism is similar to the increased risk of holding fiat currency, which will ultimately benefit Bitcoin. Currently, $76500 is the key support level, and the recent market sell-off causing a decline in cryptocurrency prices may subside. Unless there are broader hedging measures in traditional markets, Bitcoin may return to around $84000. (CoinDesk)
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