Is it still an ATH if the dollar valuation is continually sinking? Technically yes, but it’s not as rosy as it seems
coinfeeds-bot on
tldr; Standard Chartered’s Geoff Kendrick predicts Bitcoin could reach $135,000 soon, driven by U.S. government shutdown risks and ETF inflows boosting institutional adoption. He highlights the shutdown’s impact on Bitcoin as a hedge against fiscal gridlock and expects ETF inflows to further support the rally. Analysts note increased leveraged activity by perpetual futures whales, which could make the rally fragile. Despite risks, macro catalysts and liquidity dynamics may propel Bitcoin to a new all-time high in the near term.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
restore_democracy on
You think?
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
5 Kommentare
it’s happening now, sir
Next 15 minutes maybe
Is it still an ATH if the dollar valuation is continually sinking? Technically yes, but it’s not as rosy as it seems
tldr; Standard Chartered’s Geoff Kendrick predicts Bitcoin could reach $135,000 soon, driven by U.S. government shutdown risks and ETF inflows boosting institutional adoption. He highlights the shutdown’s impact on Bitcoin as a hedge against fiscal gridlock and expects ETF inflows to further support the rally. Analysts note increased leveraged activity by perpetual futures whales, which could make the rally fragile. Despite risks, macro catalysts and liquidity dynamics may propel Bitcoin to a new all-time high in the near term.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
You think?