US Morning Crypto News Briefing: Your Daily Dive into Crypto
Record-setting Bitcoin ETF inflows as gold lags behind, predicts Standard Chartered, hinting at potential $120K value for Bitcoin, as reported by US Crypto News.
Get your caffeine fix and dive into today's crypto insights. Let's explore the moving pieces in the crypto world, including Bitcoin's surge to $120,000 and more!
Bitcoin at $120,000: Standard Chartered's Predicted Rally
A recent analysis by Standard Chartered indicates the potential for a Bitcoin rally, mirroring its post-US election surge. The bank expects a Q2 price target of $120,000, given increasing liquidity and global conditions that suggest a shift away from dollar-dependent assets.[1][2]
If Bitcoin perseveres and surpasses the immediate $95,765 resistance, it could embark on a 20% climb to $102,239. Interestingly, Bitcoin is emerging as a potential beneficiary amid global trade tensions, posing as a hedge against the U.S. dollar.[1][3]
Sizing Up the Market: Key Insights for the Day
- 92%+ Bitcoin Profitability: Over 85% of Bitcoin's circulating supply is presently generating a profit, reflecting robust investor confidence and positive trends.[3]
- Global Monetary Tensions: Billionaire Ray Dalio suggests the global monetary order is nearing collapse, driven by tariffs and deglobalization.[4]
- Tokenized Gold on the Rise: Tether's XAUT, a tokenized gold product, saw increased demand, with its market cap reaching $853.7 million. With rising global economic uncertainty, XAUT draws attention as a hedge against traditional finance (TradFi) and US Treasury risk.[3]
- ETF Inflows and Futures Market: Positive inflows into Bitcoin ETFs intriguingly contrast with a growing preference for bearish options in the futures market, indicating caution within the market.[3]
- Speedy Transactions: BSC and OpBNB block times have been optimized for enhanced speed, while Ethereum's Fusaka faces a developer rift.[3]
- Stablecoin Inflation Concerns: Industry experts voice concerns regarding the possible inflation of stablecoin transaction volumes due to bots, wash trades, and flash loans.[3]
- Virtual Protocol's VIRTUAL Token: Virtual Protocol's native token has seen a 161% surge in a week, reaching a two-month high due to an increase in AI agent activity.[3]
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[1] Standard Chartered predicts BTC will hit $200,000 by the end of 2023
[2] Here’s how Wall Street foresees Bitcoin over the next few years
[3] Byte-Sized Alpha: March 25, 2025
Enrichment Data:
Overall:
Here's the information on Standard Chartered's Bitcoin price predictions, focusing on available data and their forward-looking forecasts:
2025 Forecast (Current Predictions):
Standard Chartered’s April 2025 forecasts (as per recent updates) project:
- $120,000 Bitcoin price by Q2 2025, driven by strategic asset reallocations, whale accumulation, and ETF inflows[1][2][3].
- $200,000 by late 2025, citing historical price patterns and potential capital shifts from gold to Bitcoin ETFs[2][3][4].
Regarding 2022:
The provided search results do not include Standard Chartered’s Bitcoin price predictions for Q2 2022 or later in 2022. Bitcoin traded between ~$19k–$69k in 2022, but there is no cited analysis from Standard Chartered for that period in the current data.
Key Drivers in Recent Forecasts:
- US Treasury term premium at a 12-year high, signaling potential capital rotation into Bitcoin[2][3].
- Whale accumulation and ETF inflows surpassing gold ETF outflows[2][3].
- Political factors, including US crypto-friendly regulatory developments[2][5].
Bitcoin traded near $95k as of the April 2025 forecasts[2], aligning with the bank’s bullish trajectory. For 2022-specific analysis, additional historical data beyond the provided results would be required.
- Standard Chartered predicts a rally for Bitcoin, with a Q2 price target of $120,000 in 2025.
- If Bitcoin surpasses its immediate resistance of $95,765, it could climb by 20% to $102,239.
- Over 85% of Bitcoin's circulating supply is generating a profit, reflecting strong investor confidence.
- Billionaire Ray Dalio suggests the global monetary order could be nearing collapse due to tariffs and deglobalization.
- Tether's XAUT, a tokenized gold product, has seen increased demand, reaching a market cap of $853.7 million.
- Interest has grown in ETF inflows for Bitcoin, but a preference for bearish options in the futures market indicates market caution.
- Transactions on BSC and OpBNB blocktimes have been optimized for enhanced speed, while Ethereum's Fusaka faces developer discord.
- Industry experts have expressed concerns about the potential inflation of stablecoin transaction volumes.
- Virtual Protocol's VIRTUAL token has experienced a 161% surge in a week, driven by increased AI agent activity.
- The crypto landscape is constantly evolving and investors can stay up-to-date by connecting with platforms like Uphold, which provides early access to new tokens and one-step trading.
