Standard Chartered: Thị trường tiền mã hóa đạt đáy chu kỳ, bitcoin có thể đạt 100.000 USD vào cuối năm

The Huoxing Finance report, citing CoinDesk, quotes Standard Chartered analyst Geoffrey Kendrick in a Friday report stating that the cryptocurrency market has reached the final bottom of this monetary cycle. Bitcoin’s cycle low is currently locked at $59,000, a 53% decline from its all-time high of $126,000 set on October 6. Kendrick expects Ethereum to reach $4,000 and Bitcoin to reach $100,000 by the end of this year. He points to two key factors supporting this market rebound. First, in recent weeks, Bitcoin spot ETFs have experienced their most intense selling pressure since inception. Since the second week of May, total redemptions have exceeded $5.72 billion. He also notes that, according to rumors, ETF holders have been liquidating positions to free up capital for participation in SpaceX’s initial public offering (IPO). Kendrick suggests that SpaceX’s IPO this Friday may end the current selling pressure. Second, if the G7-related peace agreement between the U.S. and Iran is genuine, it could help prevent a surge in oil prices. A decline in oil prices would curb rising U.S. Treasury yields, thereby alleviating macroeconomic pressure on the cryptocurrency market. To confirm that the market bottom is solid, Kendrick will closely monitor in the coming days: Monday’s announcement regarding Strategy (MSTR)’s additional Bitcoin purchases this week; and whether U.S. spot Bitcoin ETFs will resume net inflows this Friday.