Altcoin News Daily Official TheBitTimes.com

Summary ⚈ Bitcoin open interest surged to a two-month high of $33.84 billion on April 23, reflecting a 39.68% increase from earlier in the month, following President Trump’s 90-day tariff pause. ⚈ BTC’s price rose by 19.65% from $78,210 on April 7 to $93,580 on April 23, supported by a rise in long positions and growing derivatives activity. ⚈ Analysts, including Tom Lee and Standard Chartered, are increasingly bullish, with projections suggesting Bitcoin could reach $100,000 soon and potentially rally to $200,000 by year-end. The leading digital asset, Bitcoin (BTC), has seen a sharp increase in derivatives trading since President Trump announced a 90-day tariff pause on April 20. To be more precise, Bitcoin open interest reached a 2-month high on April 23, with over 33.84 billion open positions, representing a 39.68% surge from a local low of approximately 24.23 billion on April 7, according to data retrieved by Finbold from cryptocurrency market intelligence platf...

$820 billion asset manager Standard Chartered Bank has said that Bitcoin could reach a new all-time high by August before surging to $100,000 by November. The bank’s head of digital asset research, Geoffrey Kendrick, noted the target could be in play by the time of the US Election. The leading cryptocurrency reached its current all-time high of more than $73,000 in March of this year. That milestone was reached largely because of the January approval of Spot Bitcoin ETFs. Now, the US Presidential race could be the catalyst for BTC to enjoy an even bigger rally. JUST IN: $820 billion asset manager Standard Chartered Bank says #Bitcoin could reach $100,000 by August. — Watcher.Guru (@WatcherGuru) July 2, 2024 Also Read: Standard Chartered to Launch Spot Bitcoin & Ethereum Trading Desk Standard Chartered Says BTC Could Hit All-Time High in August Source: Watcher.Guru Standard Chartered Bank has released a report that predicts Bitcoin to surge to a $100,000 price this year. ...