Will Bitcoin’s Price Dip End Soon? Experts Offer Insight into the Current Situation

Bitcoin (BTC) experienced a sharp decline yesterday evening, falling below $89,000. This downturn has impacted altcoins as well, with Ethereum (ETH) down 9.5% and Solana (SOL) down 12.4%. The overall cryptocurrency market is down 7.4% over the past 24 hours. Uncertainty in global markets and recent comments from U.S. President Donald Trump regarding potential tariffs on Canada and Mexico have contributed to this decline. However, Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, offers a nuanced view. )