Standard Chartered Bank: The decline of BTC is due to a weak U.S. stock market, with two catalysts helping BTC to reach $200,000 by the end of the year.

Standard Chartered analyst Geoff Kendrick said that BTC's recent decline is related to the overall downturn in the risk asset market, rather than its own fundamental problems. He pointed out that BTC's performance after fluctuation adjustment is relatively stable compared to the Big Seven of US stocks. (Synopsis: Standard Chartered Bank: BTC short-term or test 69,000 ~ $76,500 key support level) (Background supplement: BTC breaks through 83,000, Ukraine agrees to a 30-day truce, Trump shouts card on Canadian steel and aluminum 50% retaliatory tariffs) In the context of Ukraine's announcement of a 30-day ceasefire plan today and the suspension of 50% tariff countermeasures on Canadian steel and aluminum products, BTC has rebounded from about $79,000 in the past 24 hours to 8.3 before the deadline At the level of 10,000 US dollars, the cumulative increase is about 5%. The downturn in risk assets drags down BTC, and the overall economy is tied to BTCDepth, in line with the analysis of Standard Chartered analyst Geoff Kendrick. He noted that BTC's recent price action is closely related to the broader downturn in the risk asset market, rather than a problem with the cryptocurrency itself. BTC's decline was mainly influenced by the overall sentiment of the market, rather than "an internal problem of BTC itself". He further said that on the basis of the fluctuation adjustment, the performance of BTC in the "US stock Big Seven + BTC" group is relatively stable, indicating that BTC has not fallen particularly much: After the fluctuation adjustment, TSL performed the worst, Meta and Apple were the strongest, and the rest of the assets were comparable to BTC. Kendrick noted that BTC's Rebound could come from two catalysts: The overall recovery of the risk asset market BTC's own Favourable Information, such as the start of official purchases in the United States or other countries In terms of risk assets, he believes that if the Federal Reserve accelerates the pace of interest rate cuts or Trump's tariff policy is clarified, it will help the market recover. "If the probability of a rate cut in May increases from the current 50% to 75%, the market may have a Rebound." But if the market remains weak and BTC falls below $76,500, it could further test the $69,000 support level. However, Kendrick maintains its long-term bullish target, predicting that BTC will reach $200,000 by the end of 2025. "The short-term fluctuation does not affect my confidence in the $200,000 target, but rather makes it more likely that the Fed will cut rates, further reinforcing my long-term bullish view." Kendrick emphasizes. The probability of the Fed not cutting interest rates next week is as high as 96% The Fed will hold an Intrerest Rate resolution next Wednesday (19th), Fed Governor Adriana Kugler believes that based on concerns about continued inflation, Central Bank should maintain the current Intrerest Rate level. However, Rohit Jain, managing director of CoinDCX Ventures, believes that if the Fed does not cut interest rates, it may weigh on risk asset sentiment and further affect the cryptocurrency market. "This hesitation about a rate cut could trigger further dumping, with BTC potentially testing $70,000 support, and AltCoin such as Ethereum and Solana also affected." According to CME Group's FedWatch tool, there is a 96% chance that the Fed will keep the Intrerest Rate unchanged, and only a 4% chance of a 1-yard rate cut, and the market widely expects no rate cut in March. Related reports BTC breaks through 83,000" Ukraine agrees to a 30-day truce, Trump shouts 50% retaliatory tariffs on Canadian steel and aluminum Arthur Hayes: BTC will build a bottom at $70,000! Wait for the collapse of U.S. stocks and the Fed to cut interest rates to bail out the market can "increase positions" From market sentiment, technical trends and on-chain data analysis, has the bottom of BTC arrived? "Standard Chartered Bank: BTC fell due to the weakness of U.S. stocks, two catalysts assisted BTC to see $200,000 at the end of the year" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".