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Standard Chartered: If conditions are favorable this week, bitcoin may never fall below $100,000 again

Standard Chartered: If conditions are favorable this week, bitcoin may never fall below $100,000 again

金色财经2025/10/27 16:16
BTC+0.20%

Jinse Finance reported that Geoffrey Kendrick, Head of Global Digital Assets Research at Standard Chartered Bank, stated in his latest report that if the current positive macro and geopolitical developments continue, the price of bitcoin may never fall below $100,000 again. The easing of US-China trade relations has shifted market sentiment from fear to hope, and the bitcoin-gold ratio has rebounded to the level before the October 10 tariff news triggered a sell-off. Kendrick believes that ETF capital inflows will be a key indicator of improved market sentiment, and a new all-time high for bitcoin would mark the end of the "halving cycle theory." Key events this week include the Federal Reserve's expected 25 basis point rate cut and earnings releases from several tech giants and crypto companies.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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