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[Standard Chartered Bank: Bitcoin May Continue To Fall, It Is Not Time To Buy The Bottom] According To Thecryptobasic, The Price Of Bitcoin Fell To Around $86,000 On Tuesday, The Lowest Level Since November Last Year, And Fell More Than 20% From Its Historical High In January. As The Market's Risk Aversion Heats Up, The Expected Surge In Cryptocurrencies Due To Trump's Inauguration Has Failed To Materialize. Data From JPMorgan Chase Shows That Cryptocurrency ETFs Saw Outflows Of $544 Million Last Week, Indicating That Market Pessimism Is Spreading. Geoff Kendrick, Head Of Digital Asset Research At Standard Chartered Bank, Warned: "Bitcoin May See More Downward Trends, With A Further Correction Of 10%. Don't Rush To Buy The Bottom. Although Bitcoin Has Remained Above $90,000 On The Back Of Optimism From The Trump Administration's Support For Cryptocurrencies, The Appeal Of Cryptocurrencies Has Been Weakened As The President's Promises Have Not Been Fulfilled And Macroeconomic Uncertainty Has Risen."
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