Bitcoin's DeepSeek-Triggered Selloff Is a Buy the Dip Opportunity, Analysts Say

Quick Summary:

Overzealous hopes for Trump's crypto actions last week had primed the market for a pullback, but the decline could be already over, said Standard Chartered's Geoff Kendrick.

The overnight selloff, he argued, likely took care of much of this.

"Flushes like these amidst a still constructive fundamental macro story that typically mark local lows in a bull trend".

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Article Details

Author / Journalist: Krisztian Sandor

Category: Crypto

Markets: United StatesCuba

Topics: Standard Chartered Bank Markets Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 16:53:45 (2 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25514578

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