🚀 BTC Closes Q2 Up 30% — Standard Chartered Predicts $200K
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Updated at: 7 hours ago
{"content":"🚀 BTC Closes Q2 Up 30% — Standard Chartered Predicts $200K by Year-End
Bitcoin's price is barely around $109,000 on Friday after breaking out of a zone where prices were stable.
BTC ends the second quarter with a gain of about 30% and Standard Chartered thinks Bitcoin will be worth $200,000 by the end of the year.
There was still a lot of demand for BTC as companies bought more and spot ETFs reached a total of $769.60 million on Thursday.
Bitcoin (BTC) had a solid second quarter (Q2), with gains of about 30% throughout the quarter thanks to increased demand from businesses and institutions and a positive market mood. BTC is trading a little lower than $109,000 right now, after breaking out of a consolidation period earlier this week. The positive prognosis is still strong, with projections from Standard Chartered saying that Bitcoin might be worth $200,000 by the end of the year. Meanwhile, demand from businesses and institutions was robust all week, which might mean that BTC will rise near its all-time highs.
Bitcoin's return in the second quarter was about 30%, and analysts think it will be worth $200,000 by the end of the year.
BTC's Q2 returns were good, at 29.74%, which is better than its average Q2 returns and the strongest second quarter since 2020. This was due to increased demand and excellent risk-on attitude conditions.
Geoffrey Kendrick, who is in charge of Standard Chartered's Global Head of Digital Assets Research, said that Bitcoin might be worth $135,000 by the end of 2025 and maybe even $200,000 by the end of the year.
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