Standard Chartered Bank: Bitcoin will become a tool for hedging tariff risks

ChainCatcher news, according to The Block, Standard Chartered Bank stated that as signs of American isolationism begin to affect market sentiment, Bitcoin may benefit from rising tariff risks. Geoffrey Kendrick, head of global digital asset research at Standard Chartered Bank, said that $76,500 is a key support level, and Bitcoin has outperformed most tech stocks in the recent market pullback, only behind Microsoft and Google. It also predicts that Bitcoin could potentially return to last Friday's closing price of around $84,000.