Bitcoin faces ongoing downside risk due to geopolitical uncertainty, according to Standard Chartered’s Geoffrey Kendrick. Despite signs of a potential bottom following a sharp decline in Nasdaq futures, factors like US tariffs and the Ukraine conflict continue to exert pressure on prices. Kendrick suggests Bitcoin could drop to a range of $69,000-$76,500 before finding support, emphasizing the need for clarity on these issues for a more stable market outlook.
about Bitcoin Faces Downside Risk Amid Geopolitical Uncertainty and Market Volatility