StanChart predicts new highs for Bitcoin in February as US treasury yields stabilize
StanChart predicts new highs for Bitcoin in February as US treasury yields stabilize StanChart predicts new highs for Bitcoin in February as US treasury yields stabilize
Fetch US Treasury yields and diminished inflationary fears may maybe propel Bitcoin to interrupt old high aspects, Customary Chartered analysis suggests.
Duvet artwork/illustration via CryptoSlate. Image entails blended command which may maybe embrace AI-generated command.
Bitcoin (BTC) is probably going to transfer better as US Treasury yields remain below 4.50%, creating an very ideal macroeconomic backdrop for digital resources, basically based on Customary Chartered head of digital resources study Geoffrey Kendrick.
In an inside of expose shared with CryptoSlate, Kendrick highlighted that the ten-year US Treasury yield has struggled to interrupt above 4.50%, a level carefully watched by market contributors.
He described the financial backdrop as a “Goldilocks” distress for digital resources â where financial development remains stable but does no longer spur better yields that may maybe weigh on risk resources.
In step with Kendrick, stable bond yields and an absence of fresh inflationary dangers, equivalent to further tariffs, may maybe blueprint ideal stipulations for Bitcoin to push toward a new all-time high above $108,000 in February.
He famed that if Bitcoin can remain above the $95,000 key enhance level, it’s at risk of ward off into six figures.
Kendrick wrote:
“I persist with my survey from Friday that up is turning into more likely than down for Bitcoin in the short-time duration. Gaze for 95k to retain on the downside and markets to push up against the fundamental 102.5k level soon.”
He emphasised that Bitcoin’s mark action remains optimistic so long as key macroeconomic stipulations remain true.
Trump Tariffs
Kendrick moreover highlighted President Donald Trump’s latest announcement of a 25% tariff on steel and aluminum imports as a shift toward more centered, reciprocal tariffs instead of huge-basically based exchange restrictions.
Kendrick believes this transfer may maybe bask in a more shrimp inflationary impact than feared, helping to possess Treasury yield dangers. Lower yields usually profit risk resources, together with Bitcoin, by reducing the attraction of mounted-earnings investments.
Kendrick argued that Trump’s latest protection shift and market sentiment transferring a long way off from fears of “Inappropriate Trump” financial disruption may maybe ease risk aversion and enhance further upside for Bitcoin.
Glorious week, following Trump’s announcement of latest tariffs on imports from Canada, Mexico, and China, Bitcoin experienced a essential decline.
BTC fell from roughly $105,000 to a low of round $91,000. The downturn was attributed to investor considerations over doable global exchange conflicts and financial instability stemming from the tariffs.
Bitcoin’s mark rebounded again above $100,000 after the US reached agreements with Mexico and Canada to lengthen the implementation of those tariffs. Then again, the flagship crypto did not withhold its upward momentum.
In step with CryptoSlate facts, Bitcoin was trading round $95,416 as of press time, down 2% on the day.
Bitcoin Market Recordsdata
At the time of press 7:14 pm UTC on Feb. 11, 2025, Bitcoin is ranked #1 by market cap and the value is down 2.2% over the past 24 hours. Bitcoin has a market capitalization of $1.89 trillion with a 24-hour trading quantity of $33.29 billion. Learn more about Bitcoin ›
Crypto Market Summary
At the time of press 7:14 pm UTC on Feb. 11, 2025, the total crypto market is valued at at $3.14 trillion with a 24-hour quantity of $98.17 billion. Bitcoin dominance is at this time at 60.26%. Learn more about the crypto market ›
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Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his talents worldwide for over a decade. Specializing in financial journalism, he now makes a speciality of crypto reporting.
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Bitcoin, a decentralized foreign money that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a mark-to-mark network.
Customary Chartered
Customary Chartered PLC is a British multinational bank, headquartered in London, specializing in person, corporate, and investment banking, as successfully as treasury services.
Donald John Trump was born on June 14, 1946, in Queens, Original York Metropolis.
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