Standard Chartered Bank: Bitcoin will further drop to 69,000-76,500 USD by Monday
According to The Block, Geoffrey Kendrick, the global head of digital asset research at Standard Chartered Bank, said that Bitcoin will continue to fall.
Kendrick predicts that by this weekend or Monday, the price of Bitcoin will further drop to a range between $69,000 and $76,500. This is now a low point and I want to buy in.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Asia-Pacific stock markets follow the overnight rally in US tech stocks, with South Korea's KOSPI up 5% at the open, SK Hynix surging more than 7%, and Nikkei 225 rising over 2%.
This round of rebound occurred after the market experienced severe turbulence. Last week, concerns over the potential for stricter regulation of the artificial intelligence industry, due to the US Congressional election results, triggered a large-scale sell-off in chip stocks. Several market participants believe that this rebound indicates investors have not abandoned the AI trading narrative, and last week’s sell-off was more about position adjustments rather than a trend reversal.
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