ethprospe

#ETHProspe #ETH

Standard Chartered predicts that After Bitcoin surpassed $100,000 last year, investors may anticipate a pause in the market.
"No way."
Bitcoin surged on Thursday afternoon in the UK, with a 13% increase so far this year and nearing its all-time high of over $108,000. Geoff Kendrick, global head of digital assets research at Standard Chartered, advised investors to buy Bitcoin due to the Trump administration's promise of crypto-friendly policies in the future.
"ETF inflows
According to Kendric's report, more institutional investors will join when this occurs." "The dominance of institutional inflows to ETFs is expected to boost the performance of Bitcoin and Ethereum, with prices projected to reach $200,000 and $10,000 by the end of the year. However, there may be some short-term fluctuations in the crypto market.
The lack of new crypto policies from Trump is preventing investors from feeling optimistic. The strong US labor market is not good news for Bitcoin in the short term as it reduces pressure on the Federal Reserve to cut rates, according to Ed Hindi, chief investment officer at crypto hedge fund Tyr Capital." Hindi forecasted Bitcoin to hit $250,000 this year, but advised investors not to expect a simple surge.
According to analysts at 10x Research, Bitcoin is closely following three significant events: CPI data release, Trump’s inauguration, and the upcoming meeting of the Federal Open Market Committee, the central bank body that determines monetary policy. The Fed will meet on January 29 to decide on interest rate cuts, which are positive for assets like stocks and cryptocurrencies. There will be no rate cuts announced until July. Crypto enthusiasts are anticipating an exciting year ahead despite the current market conditions for Bitcoin and other cryptocurrencies.
Observers predict that 2025 will hold significance for the market. Seamus Rocca, CEO of Xapo Bank, said that the market is closely monitoring developments in regulatory policies and how the Trump administration views Bitcoin as a strategic reserve asset. Several analysts believe that Trump's strategy in the sector is crucial.
"Hindi predicted that Trump will take action on his crypto statements within the first 90 days, which could boost prices significantly." Establishing a US Bitcoin strategic reserve could prompt other countries to do the same, creating a positive price trend. The crypto market is reacting with Bitcoin increasing by 1.3% to $105,975 in the last 24 hours. Ethereum has slightly decreased to $3,274 during the same time frame.
Source: DLnews , by:Osato Avan-Nomayo