Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.
Bitcoin is about to log its longest losing streak since 2022 as geopolitical nerves hit risk trades
Geopolitical tensions lift the U.S. dollar and crude prices, adding pressure to an already fragile crypto market.
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The broker said the company's full-cap bitcoin strategy is maturing, as preferred equity drives accretion and a new S&P credit rating expands its investor base.
The largest crypto has now tumbled more than 20% since hitting a record high above $126,000 only one month ago.
Digital assets are finally beginning to pay attention to not just the growing chance of a Trump victory in November, but also a GOP sweep, said Standard Chartered's Geoff Kendrick.
While whales booking profits created near-term pressure, some analysts argue that structural flows continue to point higher if resistance levels give way.