In brief
- Bitcoin’s price is weathering a “fear-driven selloff,” according to Standard Chartered’s Geoff Kendrick.
- It could fall below $100,000, but that may be the last time, he wrote.
- After surging to new all-time highs, gold showed weakness on Tuesday.
As investors react to developments between the U.S. and China over tariffs and trade, Bitcoin’s price will likely fall below the $100,000 mark before pushing toward new all-time highs, according to Standard Chartered’s Geoff Kendrick.
In a Wednesday note, the global head of digital assets research at the bank wrote that “a dip below $100,000 seems inevitable, although the dump may be short-lived.”
He also confirmed to Decrypt that his year-end price target of $200,000 remains unchanged, suggesting that the asset’s price will nearly double in the coming months.
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Author: André Beganski
