Standard Chartered: Bitcoin is expected to recover to $88,500 this week
2025-04-04 14:45:13
Standard Chartered created a hypothetical "Mag7B" index last week to exchange Tesla for Bitcoin. Now the bank calls Bitcoin a "strongman" because Bitcoin has outperformed most technology stocks during the recent market sell-off. The bank advises "HODL" the cryptocurrency, saying that Bitcoin's elasticity could bring it back to $88,500 this weekend. (The Block)
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