Bitcoin's Path to $130,000: Insights from Standard Chartered
by aria-crypto.com
January 30, 2025 at 16:24
Bitcoin's Path to $130,000: Insights from Standard Chartered
In a remarkable financial forecast, Standard Chartered predicts Bitcoin could surge to $130,000 by March. Geoffrey Kendrick, the bank's head of crypto research, attributed this potential rise to increased investments from institutional players following the U.S. Federal Reserve's decision to maintain steady interest rates. Furthermore, Kendrick highlighted the repeal of SEC’s SAB 121 as a significant catalyst for this growth, allowing more traditional financial institutions to hold digital assets securely. He expressed optimism that recent regulatory and market developments would propel Bitcoin to test $109,000 shortly, with potential peaks reaching up to $130,000 in the early spring. This surge comes after a period of market stabilization that has shed excessive leverage, setting a robust stage for Bitcoin's potential climb.
Read more
>> SEC Greenlights Pioneering Bitcoin-Ethereum Spot ETF, Boosting Crypto Market Outlook
In a notable development, the U.S. Securities and Exchange Commission (SEC) has approved the Bitwise Bitcoin-Ethereum Spot ETF, marking a significant moment as it is the first ETF to encompass both major crypto...
22 minutes ago
>> US Crypto Landscape Enhanced as Kraken Reinstates Staking Services
Kraken has resumed its cryptocurrency staking services in the US, now supporting customers in 39 states with the option to stake 17 different assets including Ethereum, Solana, and Cardano. This move comes afte...
2 hours ago
>> Grayscale Innovates Crypto Space with New Bitcoin Miners ETF
Grayscale, a leading crypto asset management firm, has introduced the Grayscale Bitcoin Miners ETF (MNRS), providing a novel investment avenue into the Bitcoin mining sector. This ETF tracks a proprietary index...
3 hours ago
>> Coinbase Secures Expansion and Trust in the Crypto Market
Coinbase, the U.S.-based crypto exchange, has officially received the green light to operate in Argentina, South America's second-largest national economy. The approval comes from the country's National Securit...
>> Bitcoin Adoption Debate Intensifies as ECB and Czech Central Bank Clash
The European Central Bank (ECB) led by President Christine Lagarde remains steadfast against including Bitcoin in central reserves, emphasizing the need for reserves that are "liquid, secure, and safe." Despite...
5 hours ago
>> IMF-Driven Amendments to El Salvador's Bitcoin Law Adjust Legal and Financial Frameworks
El Salvador has amended its groundbreaking Bitcoin legislation, making compliance with the cryptocurrency voluntary for businesses, following a deal with the International Monetary Fund (IMF). This shift comes ...
6 hours ago
>> Digital Currency Group Unveils Fortitude Mining to Expand into Venture Mining
Digital Currency Group (DCG) has launched Fortitude Mining, a wholly-owned subsidiary designed to mine Bitcoin and venture into other high-growth digital assets. The new subsidiary builds on the success of Foun...
9 hours ago
>> Tesla and Bitcoin: Strategic Moves and Market Impact
Worksport, a Tesla supplier specializing in clean energy automotive technology, has adopted a holistic approach by incorporating cryptocurrencies, primarily Bitcoin (BTC) and XRP, into its treasury strategy. Th...
12 hours ago
>> Bitcoin's New Options Emerge: CME Group Explores Crypto Flexibility with BFF
Chicago Mercantile Exchange Group (CME) has announced the introduction of options for its Bitcoin Friday Futures (BFF), starting February 24, pending regulatory approval. BFF, CME's most successful cryptocurren...
12 hours ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
