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Standard Chartered, Expecting $200K in Bitcoin, Announces Short-Term Forecast! "In Just a Few Months…"

As the leading cryptocurrency Bitcoin (BTC) continues its volatile movements, Standard Chartered analyst predicted that BTC could reach $130,000 by March. Geoffrey Kendrick, head of crypto research at Standard Chartered, said the Bitcoin price could hit $130,000 within two months as institutional inflows accelerate, The Block reported. Kendrick stated that the market entered a period of relative stability following the US FED`s decision to keep interest rates constant yesterday. Geoff Kendrick, who expects prices to rise as institutional inflows increase and market sentiment shifts towards risk, stated that the FED`s stance has reduced the current uncertainty. The analyst also said that the US SEC’s repeal of SAB 121, which allowed traditional financial institutions to store digital assets, was a major catalyst for institutional BTC adoption. “The SEC has rescinded SAB21. This Policy change removes a significant regulatory hurdle by allowing more traditional financial institutions to store digital assets. At this point, institutional flows into Bitcoin will continue to accelerate and push the price higher. As a result, I expect Bitcoin to test $109,000 in the coming days or weeks and then move up to the $112,000 to $130,000 range in February-March.” Kendrick said that after the recent decline, the market has gotten rid of excessive leverage, creating a stronger environment for further gains. *This is not investment advice. Continue Reading: Standard Chartered, Expecting $200K in Bitcoin, Announces Short-Term Forecast! "In Just a Few Months…" CoinOtag

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Ripple’s XRP Ledger DEX Surpasses $400 Million in January

Ripple (XRP-USD) CEO Brad Garlinghouse revealed that swap volumes on the XRP Ledger’s decentralized exchange (DEX) surpassed $400 million in Januar... CoinOtag