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Bitcoin Faces Volatility Amid Price Correction and Market Panic

1 min read
Source: Benzinga
Bitcoin Faces Volatility Amid Price Correction and Market Panic
Photo: Benzinga
TL;DR

Bitcoin's recent pullback from its near $100,000 high is attributed to reduced U.S. Treasury term premiums and upcoming options expirations, according to Standard Chartered's Geoffrey Kendrick. Despite the correction, which could see Bitcoin testing support levels around $88,700, institutional interest remains strong, with significant BTC inflows into ETFs and acquisitions by MicroStrategy. Kendrick maintains a year-end target of $125,000 for Bitcoin, viewing the current dip as a necessary correction in a broader bull market.

Topics:businessfinance#bitcoin#cryptocurrency#finance#institutional-investment#market-correction#options-expiry
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  1. Bitcoin Correction Could Go As Deep As $88,700 But $125,000 Year-End Target Remains In Play, Says Standard Chartered  Benzinga
  2. Sudden Panic Sparks $200 Billion Bitcoin And Crypto Price Crash  Forbes
  3. Bitcoin’s Price Dip Triggers Alert On NVT Golden Cross—Here’s What To Watch For  TradingView
  4. Bitcoin slides toward $90,000 as price moves back after postelection rally  CNBC
  5. Bitcoin options trade shows more bets on retreat after failing to breach $100,000  Reuters

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