Agency: CPI data and before Trump's inauguration, bitcoin remained below 100,000 dollars
2025-01-15 10:38:25
Bitcoin prices edged up today, but are still below $100,000 after trailing from last month's record high. "Caution may be the best option for digital assets over the next week or so," Geoffrey Kendrick, analyst at Standard Chartered, said in a note. He said tonight's US inflation data could be more sticky than expected, and high expectations for positive cryptocurrency news after Trump's January 20 presidential inauguration posed significant macroeconomic risks. If Bitcoin falls below $90,000, it could reach $80,000, but it would be a "great medium-term buying opportunity", he said. Standard Chartered expects bitcoin to reach $200,000 by the end of 2025 due to Trump's pro-cryptocurrency stance.
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