Standard Chartered Says This Could Be the Week Everything Changes for Bitcoin | US Crypto News
Standard Chartered suggests this week's confluence of US-China trade news and Fed action could be pivotal for Bitcoin's long-term trajectory.Summary
Standard Chartered's Head of Digital Assets Research, Geoff Kendrick, believes this week could redefine the market tone due to positive developments in US-China trade relations, shifting sentiment from fear to hope. A potential deal involving rare earth exports and tariffs, to be discussed at the Trump-Xi meeting, is already boosting Bitcoin. Kendrick noted that the Bitcoin-gold ratio is rising, and a significant rotation out of gold ETFs ($2 billion exited last week) could favor Bitcoin if those funds flow into BTC ETFs. Furthermore, the upcoming FOMC meeting is expected to deliver a 25 basis-point rate cut. Kendrick argues that if this week proceeds positively, Bitcoin may never fall below $100,000 again, suggesting ETF flows are now more important than the halving cycle as the primary driver of BTC's value.
(Source：BeInCrypto)