Bitcoin (CRYPTO: BTC) has the potential to break out to a new all-time high above $108,000 in February, according to a new note by Standard Chartered.
What Happened: Geoffrey Kendrick, the bank’s head of digital assets writes a break higher is contingent on the absence of negative market catalysts, such as further DeepSeek developments or new tariff announcements,
Key to this outlook is the behavior of U.S. Treasury yields, with a specific focus on the 10-year yield failing to consistently break above the 4.50% level.
In a note sent to Benzinga, Kendrick said he believes that the inability of US Treasury yields to exceed 4.50% is “very constructive for digital assets”, further noting the economic backdrop is, “Yields not higher, but the …
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