{"id":212398,"date":"2023-12-14T09:42:54","date_gmt":"2023-12-14T04:12:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=212398"},"modified":"2023-12-14T09:42:54","modified_gmt":"2023-12-14T04:12:54","slug":"crypto-uptick-in-2-years-btc-price-at-100k-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-uptick-in-2-years-btc-price-at-100k-crypto-news\/","title":{"rendered":"Crypto Uptick In 2 Years; BTC Price At $100K? – Crypto News"},"content":{"rendered":"

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Wall Street bank Goldman Sachs predicted that the crypto assets ecosystem would see a significant rise in trading volumes in near future, amid potentially bullish signs like the approval of spot Bitcoin ETF, the Bitcoin Halving<\/a> and the US Federal Reserve\u2019s interest rate cutting measures in the year 2024.<\/p>\n

Also Read: JP Morgan Grew Its Crypto Team By 200%, Amid CEO\u2019s Criticism Of Bitcoin<\/strong><\/a><\/p>\n

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Goldman Sachs Sees \u2018Significant Uptick\u2019<\/h2>\n

According to a Reuters report, the Wall Street giant expects a \u201csignificant uptick\u201d in trading activity for cryptocurrencies in the next few quarters. Mathew McDermott, global head of digital assets at the bank, was quoted<\/a> as saying,<\/p>\n

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\u201cProbably within the next one to two years you will see a big significant uptick in the quantum trading on-chain, probably three to five years to really see these marketplaces at scale.\u201d<\/p>\n<\/blockquote>\n

Earlier, Larry Fink, the CEO of Blackrock, said tokenization of assets would be \u201cthe next generation for markets.\u201d McDermott, however, believes that is a long way to go for \u201creplicating the majority of financial markets exclusively on blockchain.\u201d<\/p>\n

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Bitcoin (BTC) Price Forecast<\/h2>\n

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The US Federal Reserve decided to maintain its benchmark interest rate at 5.25 to 5.5% during the December 2023 Federal Open Market Committee (FOMC) meeting. This meant a nearly 5% rise in the Bitcoin (BTC) price<\/a>, recovering from the dip to $40,000 earlier in the week. Meanwhile, the CME FedWatch Tool, which gauges the sentiment on the likelihood that the Fed will change the Federal target rate at the next FOMC meeting, forecasts<\/a> that the central bank would continue to maintain the current target rate after the January 31, 2024 meeting.<\/p>\n

Hence, there could be further upside to the BTC price with the Fed maintaining interest rates steady. In November 2023, macro guru and investment manager Dan Tapiero predicted<\/a> that BTC price would reach the $100,000 during the next bull run in 2025. Also, Standard Chartered expressed<\/a> similar sentiment, predicting that the top cryptocurrency would reach $100,000 by the end of 2024.<\/p>\n

Also Read: US SEC Delays Decision on Invesco and Galaxy Ethereum ETF<\/strong><\/a><\/p>\n

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\u2713 Share:<\/p>\n

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com\/BitcoinReddy or linkedin.com\/in\/anveshreddybtc\/ <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Wall Street bank Goldman Sachs predicted that the crypto assets ecosystem would see a significant rise in trading volumes in near future, amid potentially bullish signs like the approval of spot Bitcoin ETF, the Bitcoin Halving and the US Federal Reserve\u2019s interest rate cutting measures in the year 2024. Also Read: JP Morgan Grew Its […]<\/p>\n","protected":false},"author":2,"featured_media":212399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-212398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=212398"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212398\/revisions"}],"predecessor-version":[{"id":212401,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212398\/revisions\/212401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/212399"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=212398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=212398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=212398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}