Bitcoin Price Alert!!!
Bitcoin’s recent slide below 100k has sparked mixed reactions from analysts. While some predict a deeper pullback, Geoffrey Kendrick, global head of digital asset research at Standard Chartered Bank, sees it as a golden opportunity to “buy the dip.”
In line with the latest developments shared by CNF, Standard Chartered Bank launched crypto custody services in Luxembourg to serve institutional clients across the European Union. According to Kendrick, the selloff was triggered by overblown expectations surrounding Trump’s recent crypto executive order and a tech-driven Nasdaq correction led by Nvidia’s 15% drop.
Bitcoin, which fell from 105,000 to a low of 98,000 over the weekend, now up again after FOMC meeting result announced. Kendrick believes the worst may be over, citing the rapid decline in U.S. Treasury yields as a positive signal. He noted that the market had priced in unrealistic hopes for Trump’s crypto policies, and the recent selloff likely flushed out much of the excess.
Now bitcoin again going in positive direction, if we will see 1 day price chart then we clearly seen that bitcoin easily break 110k resistance, but we have seen that bitcoin stuck inbetween 100k to 106k due to recent chines AI Deepseek technology, this is not easy to break bitcoin and xrp market, U.S never want to lose bitcoins in their reserve.
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