Digital Assets Could Fall if Trump Delays Positive Policies — Market Talk
Digital assets face further near-term falls if U.S. President Donald Trump continues to delay any positive policies for the sector, Standard Chartered's Geoff Kendrick says in a note. Trump's executive orders on his first day as president ignored digital assets. "For the time being at least, no news is bad news," Kendrick says. Only supportive policy announcements for the asset class will boost prices, he says. Standard Chartered still expects bitcoin to rise to $200,000 and ethereum to reach $10,000 by year-end on the assumption that Trump will take positive action. Bitcoin falls 2.1% to $104,518, according to LSEG. Ethereum drops 1.1% to $3,297. ([email protected])