Ethereum

United

Bitcoin

Standard

Rise

<p>Standard Chartered, a banking and financial services company based in the United Kingdom, made a prediction regarding the potential price levels that <a href="https://en.coin-turk.com/the-time-is-coming-watch-out-for-bitcoin-btc-and-cryptocurrencies-on-may-11/" data-wpel-link="internal">Bitcoin</a>, the leading cryptocurrency, could reach at the end of 2023 and 2024.</p> 
<h2 style="text-align: justify" id="standard-chartered-s-bitcoin-prediction">Standard Chartered’s Bitcoin Prediction</h2> 
<p style="text-align: justify">According to Reuters, Standard Chartered updated its Bitcoin price predictions for 2023, pointing to $50,000 levels.</p> 
<p style="text-align: justify">Moreover, Standard Chartered, a banking and financial services company based in the United Kingdom, also shared a prediction for the leading <a href="https://www.bitcoinhaber.net/" target="_blank" rel="noopener" data-wpel-link="exclude">cryptocurrency</a> Bitcoin for the year 2024. While Standard Chartered analysts made a forecast that <strong>BTC</strong> could reach $120,000 by the end of 2024 and suggested that the “crypto winter” is ending, Geoff Kendrick, one of the bank’s foreign analysts, emphasized that he expects a 20% increase in BTC at present.</p> 
<h2 style="text-align: justify" id="bitcoin-btc-falls-back-to-critical-price-levels">Bitcoin (BTC) Falls Back to Critical Price Levels</h2> 
<p style="text-align: justify">Bitcoin (BTC), the leading cryptocurrency that picked up momentum in mid-June, has returned to a decline within the last week, even though it exceeded $31,000 levels at the end of June. Although BTC rebounded after a brief drop below $30,000 last week, it has not yet surpassed $30,500.</p> 
<p style="text-align: justify"><img decoding="async" class="wp-image-236030 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/07/bitcoin-btc-7.png" alt="" width="1712" height="1380"></p> 
<p style="text-align: justify">In addition, <a href="https://www.bitcoinhaber.net/bitcoin" target="_blank" rel="noopener" data-wpel-link="exclude">Bitcoin</a>‘s recent decline has led to significant losses in many cryptocurrencies in the market. <strong><a href="https://en.coin-turk.com/seasoned-crypto-analyst-donalt-predicts-upward-trend-for-ethereum-xrp-and-dogecoin/" data-wpel-link="internal">Ethereum</a> (<a href="https://en.coin-turk.com/cryptocurrency-analysis-eth-and-xrp-approaching-key-resistance-levels/" data-wpel-link="internal">ETH</a>)</strong>, after its recent declines, began trading at $1,860, while the total market value of the cryptocurrency ecosystem has fallen to $1.17 trillion, according to CoinMarketCap (CMC) data.</p> 
<p>The post <a rel="nofollow" href="https://en.coin-turk.com/standard-chartered-forecasts-significant-rise-in-bitcoin-prices-for-2023-and-2024/" data-wpel-link="internal">Standard Chartered Forecasts Significant Rise in Bitcoin Prices for 2023 and 2024</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Standard Chartered Forecasts Significant Rise in Bitcoin Prices for 2023 and 2024

Table of Contents

COINTURK NEWS

Other articles published on Jul 10, 2023

Voyager Reopens Withdrawals, Millions Vanish Overnight

Binance CEO Reveals Counter-Intuitive Secret to Building Tight Teams: External Pressure

BitDAO Proposes $200 Million Mantle Ecosystem Fund

Robert F. Kennedy Jr., Strong Advocate for Crypto, Purchased Bitcoin Contrary to Previous Stateme...

Bitcoin price will hit $120,000 in 2024, Standard Chartered believes

Elon Musk (MUSK) Token Surges on Uniswap, Raises Concerns with Blacklist Function

Join our free newsletter for daily crypto updates!