News list for "Hit banks"
Geoff Kendrick, an analyst at Standard Chartered, expects bitcoin to break above its all-time high of $73,000 on the day of the US Presidential Election. The forecast is based on an analysis of bitcoin derivatives and trading volumes. Kendrick said that if Donald Trump wins the election, the option price could rise by about 4%, and the total price could rise by 10% in the following days. In addition, the unpositioned squaring contract for bitcoin call options expiring on December 27 shows a stri...
Standard Chartered analyst Geoff Kendrick predicted that bitcoin and digital assets will continue to rise following the Federal Reserve's recent rate cuts, driven more by favorable macroeconomic conditions than the US Presidential Election results. In an email on Thursday, Kendrick noted: "For the first time since the FOMC meeting, digital assets have come out on top in terms of performance. Although Polymarket...
