Standard Chartered: Bitcoin is a tool to hedge tariff risks in the context of US isolationism, with $76,500 being the key support level
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2025-04-07 20:01 5,937
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Standard Chartered Bank said that as signs of "American isolationism" begin to affect market sentiment, Bitcoin may benefit from rising tariff risks. Geoffrey Kendrick, global head of digital asset research, said that isolationism in the United States is similar to the increased risk of holding fiat currencies, which will ultimately benefit Bitcoin. Currently, $76,500 is the key support level, and the recent cryptocurrency sell-off may fade, and Bitcoin may return to around $84,000 unless there are wider risk-averse moves in traditional markets.