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Standard Chartered Bank maintains its $150,000 Bitcoin forecast, expects positive employment data to drive prices to new highs
Geoffrey Kendrick, head of cryptocurrency research at Standard Chartered Bank, is optimistic about the future trend of Bitcoin.
He predicted that if the employment data released on June 7 performs well, Bitcoin could hit a new all-time high this weekend and could potentially reach $80,000 by the end of June.
Kendrick's prediction is based on the current market situation where the price of Bitcoin is just over $71,000.
Political factors affecting Bitcoin
Kendrick also mentioned that the US election could be a key factor affecting the price of Bitcoin. He believes that if Trump wins the election, the price of Bitcoin could reach $150,000 by the end of the year.
He predicted that if the employment data released on June 7 performs well, Bitcoin could hit a new all-time high this weekend and could potentially reach $80,000 by the end of June.
Kendrick's prediction is based on the current market situation where the price of Bitcoin is just over $71,000.
Political factors affecting Bitcoin
Kendrick also mentioned that the US election could be a key factor affecting the price of Bitcoin. He believes that if Trump wins the election, the price of Bitcoin could reach $150,000 by the end of the year.
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Cryptocurrencies are showing little improvement, and FTX is said to have received approval to sell $200 million in crypto assets 📢
On the cryptocurrency front, prices remain stagnant and from a technical perspective, a breakout to the downside is likely in the near term. Separately, FTX is said to have received approval to sell up to $200 million per week in cryptocurrency assets, many of which are altcoins, starting September 13; the decision appears to stem from regulatory pressure to sell as much as possible and recoup this already The assets of the bankrupt entity allow it to continue to rely on its core competencies and have the opportunity to relaunch FTX 2.0 within the next 24 months; if this plan comes to fruition, it will cause a huge supply and demand imbalance in the coming weeks, especially considering Cryptocurrency trading volumes have been very weak so far, but liquidators don’t seem too worried about market structure at the moment.
#加密货币 #FTX #价格 #加密货币资产 #altcoins
On the cryptocurrency front, prices remain stagnant and from a technical perspective, a breakout to the downside is likely in the near term. Separately, FTX is said to have received approval to sell up to $200 million per week in cryptocurrency assets, many of which are altcoins, starting September 13; the decision appears to stem from regulatory pressure to sell as much as possible and recoup this already The assets of the bankrupt entity allow it to continue to rely on its core competencies and have the opportunity to relaunch FTX 2.0 within the next 24 months; if this plan comes to fruition, it will cause a huge supply and demand imbalance in the coming weeks, especially considering Cryptocurrency trading volumes have been very weak so far, but liquidators don’t seem too worried about market structure at the moment.
#加密货币 #FTX #价格 #加密货币资产 #altcoins
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Bitcoin outperformed Amazon and Netflix over the past decade
Bitcoin, the bellwether cryptocurrency, has outperformed stocks of tech giants like Amazon, Google and Netflix over the past decade.
Even though Bitcoin (BTC) made its debut only 15 years ago, it has already successfully competed with the giants of the tech industry. This shows that since Bitcoin’s inception in 2009, despite its relative youth, it has had a significant impact on major players in the tech world and shown to be competitive in terms of return on investment.
As of the end of 2014, the price of Bitcoin was around $378. However, the recent poor performance of the digital asset market has also led to a decline in the price of Bitcoin. Nevertheless, according to CoinMarketCap, at the time of this article's publication, the price of Bitcoin is still as high as $63,125, although this is 14.6% lower than its all-time high reached in March.
Even though Bitcoin (BTC) made its debut only 15 years ago, it has already successfully competed with the giants of the tech industry. This shows that since Bitcoin’s inception in 2009, despite its relative youth, it has had a significant impact on major players in the tech world and shown to be competitive in terms of return on investment.
As of the end of 2014, the price of Bitcoin was around $378. However, the recent poor performance of the digital asset market has also led to a decline in the price of Bitcoin. Nevertheless, according to CoinMarketCap, at the time of this article's publication, the price of Bitcoin is still as high as $63,125, although this is 14.6% lower than its all-time high reached in March.
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