{"id":266950,"date":"2024-03-18T17:33:10","date_gmt":"2024-03-18T12:03:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=266950"},"modified":"2024-03-18T17:33:10","modified_gmt":"2024-03-18T12:03:10","slug":"bitcoin-to-hit-150k-ethereum-8k-in-2024-standard-chartered-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-to-hit-150k-ethereum-8k-in-2024-standard-chartered-crypto-news\/","title":{"rendered":"Bitcoin to Hit $150K, Ethereum $8K in 2024 \u2014 Standard Chartered – Crypto News"},"content":{"rendered":"

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The financial giant Standard Chartered on Monday revised its price target for Bitcoin (BTC) and Ethereum (ETH) for this year and 2025.<\/p>\n

Standard Chartered now predicts BTC price hitting $150,000 by the year-end and $250,000 in 2025. Moreover, the bank also predicts ETH price to reach $8,000 if a spot Ether ETF is approved by the U.S. SEC.<\/p>\n

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Standard Chartered Raises Bitcoin and Ethereum Price Targets<\/h2>\n

Standard Chartered raised its year-end Bitcoin price target to $150,000 from $100,000 after BTC price hit a fresh all-time high. The move comes in response to gold analogy, massive inflows into spot Bitcoin ETF, and portfolio optimization.<\/p>\n

The bank also revised its target price for 2025 from $200,000 to $250,000. Thus, the bank increased its year-end and 2025 target price by $50,000 mostly due to rising interest in spot Bitcoin ETFs. Standard Bank is more confident on its BTC price target for 2024.<\/p>\n

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\u201cWe believe that both of these comparisons are still relevant and provide insights into how the Bitcoin price might develop,\u201d says Standard Chartered\u2019s head of digital assets Geoff Kendrick.<\/p>\n

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On the other hand, Standard Chartered kept its Ethereum price target, but believes ETH price could hit $8,000 in 2024 instead of 2026. ETH price currently trades at $3,568.<\/p>\n

Standard Chartered cites the Ethereum Dencun upgrade and expected spot Ethereum ETF approval as primary reasons behind the bullish price target for ETH price. The bank expects the U.S. SEC to approve a spot Ethereum ETF in May, which could bring $15-45 billion in inflows in the first 12 months.<\/p>\n

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Moreover, the London Stock Exchange (LSE) has announced accepting applications for BTC and ETH ETFs. Also, \u201cIn 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22,\u201d which gives ETH price target of $14,000 in 2025.<\/p>\n

Also Read: Ethereum (ETH) Price Reversal Unlikely Soon As Majority Holders Still In Profit<\/a><\/strong><\/p>\n

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/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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The financial giant Standard Chartered on Monday revised its price target for Bitcoin (BTC) and Ethereum (ETH) for this year and 2025. Standard Chartered now predicts BTC price hitting $150,000 by the year-end and $250,000 in 2025. Moreover, the bank also predicts ETH price to reach $8,000 if a spot Ether ETF is approved by […]<\/p>\n","protected":false},"author":2,"featured_media":201591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-266950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/266950","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=266950"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/266950\/revisions"}],"predecessor-version":[{"id":266952,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/266950\/revisions\/266952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/201591"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=266950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=266950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=266950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}