$BTC London-based Standard Chartered Bank published research on Tuesday showing a migration of investor capital from spot gold ETFs to bitcoin ETFs, as the cryptocurrency held steady just above the $95K threshold.

Geoffrey Kendrick, head of digital assets research at the bank circulated on Monday forecasting a “fresh all-time high” for bitcoin at $120K by the summer with a potential of climbing all the way to $200K by the end of 2025.

Bitcoin is currently trading at $95,371.91, according to Coinmarketcap. The cryptocurrency posted a 1.37% gain over the past 24 hours and has climbed 4.59% over the past week, remaining near the upper end of its daily range between $93,498.21 and $95,468.81. Despite the price uptick, overall market activity showed signs of cooling, with 24-hour trading volume down by 19.34% to $24.86 billion.