Bitcoin & Ether on Edge — Is a Deeper Crash Coming? 🔥
Bitcoin and Ether could face further downside as risk appetite weakens. Standard Chartered’s Geoff Kendrick warns that a softening U.S. economy and fading expectations of Fed rate cuts before June are pressuring markets.
On top of that, declining digital-asset ETF holdings are adding more weight to the downside.
Kendrick sees Bitcoin potentially dropping toward $50,000 and Ether toward $1,400.
$BTC recently traded around $67,869 after hitting a 16-month low of $60,008 last week.
$ETH was near $1,984, after touching a nine-month low of $1,751.
Macro pressure is real. Liquidity matters.
If risk stays off, crypto won’t be immune.
What's your Catch? Drop your opinions below!!
and "LIKE" this post....
Bitcoin and Ether could face further downside as risk appetite weakens. Standard Chartered’s Geoff Kendrick warns that a softening U.S. economy and fading expectations of Fed rate cuts before June are pressuring markets.
On top of that, declining digital-asset ETF holdings are adding more weight to the downside.
Kendrick sees Bitcoin potentially dropping toward $50,000 and Ether toward $1,400.
$BTC recently traded around $67,869 after hitting a 16-month low of $60,008 last week.
$ETH was near $1,984, after touching a nine-month low of $1,751.
Macro pressure is real. Liquidity matters.
If risk stays off, crypto won’t be immune.
What's your Catch? Drop your opinions below!!
and "LIKE" this post....