{"id":11065,"date":"2025-02-03T14:16:32","date_gmt":"2025-02-03T14:16:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11065"},"modified":"2025-02-03T14:16:32","modified_gmt":"2025-02-03T14:16:32","slug":"dont-buy-the-dip-on-bitcoin-ethereum-xrp-yet-standard-chartered-warns","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11065","title":{"rendered":"Don&#8217;t Buy The Dip On Bitcoin, Ethereum, XRP Yet, Standard Chartered Warns"},"content":{"rendered":"<div>\n<p><strong>Standard Chartered<\/strong>\u2018s Head of Digital Assets Research <strong>Geoffrey Kendrick<\/strong> on Monday advised against buying the dip in cryptocurrencies until outright back-end <a href=\"https:\/\/www.benzinga.com\/25\/01\/42939374\/as-bond-yields-near-the-crucial-5-mark-last-seen-briefly-in-2023-and-global-financial-crisis-this-analyst-says-market-appears-to-be-overreacting\">U.S. Treasury yields come lower<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>In a note to Benzinga, Kendrick stated that the current sell-off differs significantly from the previous one.<\/p>\n<p>While last week\u2019s decline, driven by developments around <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/43248978\/could-bitcoin-see-a-deeper-dip-on-the-deepseek-ai-shock\">China\u2019s <strong>DeepSeek<\/strong><\/a>, was a buying opportunity, today\u2019s market downturn stems from newly imposed U.S. tariffs on Canada and Mexico, fueling inflation concerns and dragging down risk assets.<\/p>\n<p>Kendrick explained that the tariffs are having a \u201coutright negative\u201d effect on digital asset prices by increasing U.S. inflation expectations. <\/p>\n<p>He highlighted a 10 basis point increase in 2-year inflation expectations since Friday, further compounding the pressure on risk assets.<\/p>\n<p>\u201cThe bigger\/next question for me is whether and\/or when growth fears outweigh inflation fears,\u201d he said, explaining that the market needs to see nominal yields at &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/43433440\/dont-buy-the-dip-on-bitcoin-ethereum-xrp-yet-standard-chartered-warns\" alt=\"Don't\" buy the dip on bitcoin ethereum xrp yet standard chartered warns>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Standard Chartered\u2018s Head of Digital Assets Research Geoffrey Kendrick on Monday advised against buying the dip in cryptocurrencies until outright back-end U.S. Treasury yields come lower. What Happened: In a note to Benzinga, Kendrick stated that the current sell-off differs significantly from the previous one. While last week\u2019s decline, driven by developments around China\u2019s DeepSeek, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11065","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11065"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11065\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}