Standard Chartered Bank: Bitcoin will become a tool to hedge tariff risks

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According to ChainCatcher, citing The Block, Standard Chartered Bank stated that Bitcoin might benefit from rising tariff risks as signs of American isolationism begin to affect market sentiment. Geoffrey Kendrick, the bank's global digital assets research head, noted that $76,500 is a key support level, and Bitcoin has performed better than most tech stocks during the recent market pullback, second only to Microsoft and Google. He also predicted that Bitcoin could potentially return to last Friday's closing price of around $84,000.

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