Senior market analyst Geoffrey Kendrick pointed to the SpaceX IPO and a potential U.S.-Iran peace deal as the dual catalysts ending the recent crypto selloff. Standard Chartered analyst Geoffrey Kendrick says bitcoin has likely set its cycle low at about $59,000, marking the end of the latest crypto downturn. Kendrick argues that heavy selling of spot bitcoin ETFs, partly to free cash for SpaceX’s blockbuster IPO, is likely to ease now that the listing has begun. He says a potential U.S.-Iran p…
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