Ethereum

<p><em><strong>According to a recent report by CNBC, British banking giant Standard Chartered is optimistic about Bitcoin’s future, suggesting that the cryptocurrency’s price could skyrocket to $250,000 next year.</strong></em></p><h2 id="header-0">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><blockquote>If inflows into the newly introduced Bitcoin exchange-traded funds remain strong, Standard Chartered believes that reaching the ultra-bullish price target of $250,000 for Bitcoin is possible. The bank’s mid-point estimate for these inflows is $75 billion.</blockquote><h2 id="header-1"><strong>Bitcoin ETF Demand Drives Price Surge</strong></h2><p>The recent <a href="https://cryptosheadlines.com/crypto-prices-surge-bitcoin-pepe-coin-and-beam-on-the-rise-today/" rel="noopener noreferrer nofollow">surge in Bitcoin’s price</a> to an all-time high of $73,737 has been attributed to exceptionally strong demand for Bitcoin exchange-traded funds (ETFs). Renowned ETF analyst Eric Balchunas noted that ETFs offered by BlackRock and Fidelity have emerged among the top five ETFs by yearly inflows, fueling the <a href="https://cryptosheadlines.com/bullish-bitcoin-and-altcoin-intersection-nearing/" rel="noopener noreferrer nofollow">bullish narrative around Bitcoin</a>.</p><h2 id="header-2"><strong>Potential for Ethereum ETF Approval</strong></h2><p><a href="https://cryptosheadlines.com/standard-chartered-spot-bitcoin-etfs-may-drive-100b-inflows-propel-btc-to-200k-by-2025/" rel="noopener noreferrer nofollow">Standard Chartered</a> Bank also considers the possibility of a spot-based Ethereum ETF gaining approval later this spring. If such a product receives the green light from the U.S. Securities and Exchange Commission (SEC), Ethereum, the largest alternative cryptocurrency, could see its price nearly double by the end of the year.</p><h2 id="header-3">Ethereum Trades Below $3,500 Amid Market Correction</h2><p>According to CoinGecko data, Ethereum is currently trading slightly below the $3,500 level, reflecting a 3.7% decline over the past 24 hours. This correction comes after Ethereum surged above the $4,000 mark earlier in March, surpassing <a href="https://cryptosheadlines.com/standard-chartered-predicts-50k-for-bitcoin-and-8k-for-ethereum/" rel="noopener noreferrer nofollow">predictions made by Standard Chartered</a> Bank back in January.</p><p>Standard Chartered Bank had previously anticipated Ethereum reclaiming the $4,000 level if the U.S. Securities and Exchange Commission (SEC) <a href="https://cryptosheadlines.com/lee-spot-etf-approval-could-propel-bitcoin-to-200k/" rel="noopener noreferrer nofollow">approved a spot ETF</a> for the cryptocurrency. However, despite Ethereum’s price surpassing this level, the likelihood of an Ethereum ETF approval this year remains slim.</p><p><a href="https://cryptosheadlines.com/shiba-inus-bone-listing-momentum-on-binance/" rel="noopener noreferrer nofollow">Also Read:   Shiba Inu&#39;s BONE Listing Momentum on Binance</a></p><p>The SEC faces increased political pressure not to approve ETFs for cryptocurrencies other than Bitcoin. As a result, the chances of an <a href="https://cryptosheadlines.com/ethereum-futures-etf-approval-impact-on-price/" rel="noopener noreferrer nofollow">Ethereum ETF being approved in the near future</a> are low, according to the bank’s assessment. Nonetheless, Standard Chartered remains bullish on Ethereum’s long-term potential, forecasting a price target of $14,000 for the cryptocurrency next year.</p><h2 id="header-4">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Standard Chartered Predicts $250000 BTC by Next Year

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