Standard Chartered on BTC, maintains a bullish long-term outlook, forecasting Bitcoin could reach $200,000 by the end of 2025.
Bitcoin's price movements are driven by broader market risks rather than factors specific to the cryptocurrency.On a volatility-adjusted basis, Bitcoin has performed similarly to major assets like Tesla, Meta, and Apple.A recovery in Bitcoin’s price may depend on a broader rebound in risk assets or positive developments, such as sovereign Bitcoin purchases.Clarity on tariffs or swift Federal Reserve rate cuts could act as catalysts for a Bitcoin rebound.Estimates suggest a 75% probability of a Federal Reserve rate cut by May.Caveat:
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Bitcoin up
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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