Standard Chartered’s Forex and Digital Assets Research Head Geoffrey KendrickBitcoin under pressure due to increasing correlation with NASDAQ 100 $102,950.2(BTC) also announced that the bottom purchases should start. Kendrick, NASDAQ 100 He stressed that the harsh decline in the futures led to heavy liquidations in the crypto currency market. In particular, Chinese artificial intelligence company Deepseek’s competitive product R1’s technology shares and Bitcoin at the same time underlined that. Analyst recalled that the average purchase level of Spot Bitcoin ETFs launched after the US elections was 96 thousand 400 dollars. The FED interest rate decision to be announced this week and the balance sheets of technology giants increased the risk of fluctuation in the short term.
Why is the relationship between Nasdaq 100 and Bitcoin important?
Kendrick, BitcoinHe pointed out that the recently has moved with Nasdaq 100. As will be recalled yesterday, after the NASDAQ 100 futures declined by 3.3 percent, the crypto currency market took place in the liquidation exceeding $ 1 billion. In particular, Nvidia’s 13 percent of the preliminary session loss, technology and crypto currencies once again revealed.
The main reason for this correlation is that corporate investors approach both classes of assets with similar risk perception. Analyst, in the coming days Microsoft, Meta And TeslaHe warned that the balance sheets that will be announced may increase the uncertainty in the market. Fed interest rate decision is another factor that will directly affect liquidity dynamics.
NASDAQ 100 is at 21 thousand 184 with a 0.08 percent rise before the start of the US transaction session as of the new day. The largest crypto currency Bitcoin is changing hands from 103 thousand 141 dollars with an increase of 1.04 percent in the last 24 hours.
How did Trump’s crypto decree affect the market?
Kendrick, Trump ManagementHe also evaluated his explanations of digital asset stock policy. He said that the crypto decree signed by Trump did not emphasize “reserves yerine instead of“ stock ”. He stressed that the fact that the current regulation cannot proceed without congress approval increases uncertainty.
However, analyst’s recent developments Bitcoin’s price He argued that the negative impact on it was temporary. Kendrick, with the prediction that corporate investors will focus on the main currencies, the end of the year for Bitcoin for Bitcoin, Ethereum (ETH) 
$3,195.6 He repeated 10 thousand dollars for. In the future Litecoin 
$115.0 (LTC) and Uniswap He also signaled that Altcoins such as (UNI) could benefit from changes in regulations.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
