The cryptocurrency has entered uncharted territory, but a Standard Chartered Bank digital assets researcher says this is exactly what he predicted. BTC Breaches $112K; Is $120K the Next Stop? Bitcoin surged to an all-time peak of $112K on Bitstamp this afternoon and has been hovering around $111.7K as it gradually advances to the $120K target […] Original
Key Notes A Bitcoin user paid an unexpected $120,381 fee to send less than 1 BTC, likely due to a manual error or test. Similar incidents have happened before, showing the risks of setting onchain fees manually. Bitcoin hit a record high above $111,000, with growing interest from investors and banks like JPMorgan. A recent Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B transaction received considerable attention after a market participant paid a fee of $120,381 to complete just one transfer. The high…
Key points: Bitcoin continues to range around $103,000 as bulls struggle to keep upside momentum going. Traders favor short-term BTC price gains eventually returning, while overall faith in the bull market varies. Fed rate cuts seem increasingly far off despite encouraging inflation data. Bitcoin (BTC) hugged familiar territory around the May 14 Wall Street open as traders awaited fresh US macro cues. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Trader: BTC needs $108,000 reclaim for breakout Data from Cointelegraph Markets Pro and TradingView showed $103,000 remaining a BTC price magnet. Bulls had…
Bitcoin’s parabolic rise past $100K has Standard Chartered backpedaling fast, admitting its $120K forecast underestimated the explosive power of institutional momentum. Standard Chartered Apologizes for $120K Bitcoin Target Being Too Low Standard Chartered’s head of digital assets, Geoffrey Kendrick, issued a notable revision to his bitcoin outlook on Thursday, acknowledging that the cryptocurrency’s recent surge […] Original
Standard Chartered’s Geoffrey Kendrick is doubling down on a bullish outlook for Bitcoin, forecasting the cryptocurrency will hit $120,000 in the second quarter of 2025 before rising toward $200,000 by the end of the year. In a note published April 28, Kendrick cited strategic asset reallocation away from U.S. assets, strong Bitcoin (BTC) accumulation by “whales,” and increasing ETF inflows into Bitcoin as key factors supporting the rally. According to Kendrick, the U.S. Treasury term premium, which historically correlates closely with Bitcoin price movements, has reached a 12-year high. This…
The recent crypto market downturn has caused the once-popular $120,000 bitcoin (BTC) options bet to lose its crown to the $100,000 bet in a sign that traders are reassessing their bullish expectations. At press time, the $100,000 call was the most popular BTC options contract on the exchange, boasting a notional open interest of $1.55 billion. The notional open interest represents the dollar value of the number of active option contracts at a given time. Meanwhile, the $120,000 call, the former leader up until last month, stood at the number…
Bitcoin has seen continuous bullish momentum in recent weeks resulting in the asset’s consistent new highs. According to recent analysis, this momentum appears to not just be random as it comes amid major moves behind the scenes. Particularly, recent data indicates that Bitcoin reserves have dropped to a historic low of 2.4 million, signaling a “supply shock” that has coincided with a surge in Bitcoin’s price. This reduction in exchange reserves, coupled with strong demand, has created a bullish environment that could set the stage for further price increases. A…
An analysis from QCP Capital highlights bitcoin’s latest breakout and future trends. QCP: Bitcoin’s Rally Tied to Inflation Data, Trump Policies, and Market Shifts Bitcoin (BTC) achieved a record high of $93.4K during the New York trading session, according to the market update from QCP Capital. QCP analysts noted that the rally occurred following U.S. […] Original
The Bitcoin price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches a major event (the US election) later in November. A CryptoQuant analyst known as CoinLupin recently provided an analysis on the CryptoQuant QuickTake platform, focusing on Bitcoin’s Market Value to Realized Value (MVRV) ratio, a metric often used to gauge Bitcoin’s value compared to its on-chain fundamentals. With macroeconomic factors creating uncertainty in the crypto markets, CoinLupin shared insights on the significance of MVRV for evaluating Bitcoin’s current market position. MVRV And Historical Cycle…
Companies fined for making nearly 50,000 unsolicited marketing calls £120k issued in fines for companies targeting people with dementia in predatory marketing campaigns Victim became “afraid of answering the phone” after repeated calls Over £1.5m in fines issued for predatory marketing calls We have fined two companies for making unlawful marketing calls to individuals registered with the Telephone Preference Service (TPS). WerepairUK Ltd, based in Tonbridge, has been fined £80,000 for making 42,688 unsolicited calls. It has appealed our decision. Service Box Group Limited, based in Hove, East Sussex, has…