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🔥 BULLISH:
Standard Chartered’s Geoffrey Kendrick calls Bitcoin a hedge against system risks, with a $200K target for 2025 and $500K by 2028.
#MarketRebound #TrumpVsPowell #bitcoin #bullish

Today’s crypto market shows a generally positive tone, although some key altcoins are under pressure. The Fear and Greed Index has risen to 47, reflecting a neutral-to-positive sentiment. Total market capitalization is up by 1.22% to $2.73 trillion, while the altcoin market cap has increased by 1.35% to $0.97 trillion. Bitcoin dominance has slightly declined to 64.40%, indicating a modest altcoin resurgence.

Bitcoin is leading the charge with a 1.18% gain, now trading at $88,494.50. Ethereum, however, is down 1.42% at $1,624.59, showing some weakness. Solana remains flat with a marginal 0.01% increase to $140.37. BNB is almost unchanged, down 0.04% to $604.76. XRP has declined 1.60% to $2.10, while Dogecoin has gained 1.12%, now priced at $0.16.

PayPal, which announced that its PYUSD stablecoin will soon be accepted by US-based merchants for payments. This marks a major step toward integrating crypto into mainstream financial systems. While the development is long-term bullish, short-term market reactions remain mixed, particularly with altcoins seeing some profit-taking after recent gains.
#MarketUpdate #Paypal #cryptonews