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Standard Chartered’s Geoff Kendrick says crypto prices may have already hit this cycle’s low, citing three signs he is watching: Strategy’s Bitcoin purchases, renewed demand for US-listed Bitcoin ETFs, and continued market support.
Bitcoin rallied toward $65,000 after Pakistan PM Shehbaz Sharif confirmed the US-Iran peace deal signing date and venue, easing earlier market uncertainty tied to the Middle East conflict.
Michael Saylor unveiled new Bitcoin treasury metrics for Strategy as MSTR faces pressure, with the stock trading below its modified net asset value and investors questioning whether its leveraged Bitcoin strategy can keep benefiting shareholders.
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