Standard Chartered Bank: Market Sell-off May Subside, Current Key Support Level for BTC is $76,500

Blockbeats

04-07

BlockBeats News, April 7th, according to The Block, Standard Chartered Bank stated that as signs of "US isolationism" begin to affect market sentiment, Bitcoin may benefit from the rising tariff risk. Its Global Head of Digital Assets Research, Geoffrey Kendrick, stated that US isolationism is akin to an increase in fiat currency risk, ultimately benefiting Bitcoin. Currently, $76,500 is a key support level, and the recent market sell-off that triggered a cryptocurrency price decline may fade unless broader risk-off measures emerge in the traditional markets, in which case Bitcoin could rebound to around $84,000.

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