- The cryptocurrency market has been more resilient than expected despite geopolitical risks in the Middle East, according to the analysis.
- Timmer said Bitcoin (BTC) has been reshaped into a market led by stronger-handed investors after falling 50%% to 60%% from its peak and flushing out short-term speculative capital, adding that it could form a bottom around the key $65,000 support level.
- Timmer said a prolonged Middle East risk scenario could not rule out the possibility of stagflation, but still described the current market as being in a medium-term expansion phase and stressed the importance of responding to volatility and providing liquidity.
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