According to Standard Chartered's head of digital assets research, Geoffrey Kendrick, Bitcoin is likely to move higher as long as US Treasury yields remain below 4.50%. Kendrick described the current economic backdrop as a "Goldilocks" scenario for digital assets, where economic growth is strong but does not lead to higher yields that could weigh on risk assets. He believes that stable bond yields and an absence of fresh inflationary risks could create ideal conditions for Bitcoin to push towards a new all-time high above $108,000 in February. Kendrick emphasized that Bitcoin's price action remains constructive as long as key macroeconomic conditions remain steady. He also stated that President Donald Trump's recent announcement of tariffs on steel and aluminum imports could have a more limited inflationary impact than feared, which could help contain Treasury yield risks and benefit risk assets like Bitcoin. However, Bitcoin's price currently sits at around $95,416, down 2% on the day.



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