Bitcoin has hit an all-time high of $100,880, driven by U.S. tariff speculation. Standard Chartered predicts it could reach $200,000 in 2025, with a $120,000 goal for Q2 deemed conservative. Bitcoin is just 8% away from its record peak set in January.
In a significant milestone for cryptocurrency enthusiasts, Bitcoin has finally breached the $100,000 mark, a level it hasn’t hit since February. Earlier today, it soared to an impressive high of $100,880 on the Bitstamp exchange. This surge is largely attributed to market optimism surrounding potential U.S. tariff reductions on China, contingent upon successful trade negotiations. Meanwhile, other major altcoins are also enjoying a positive trend, with Ethereum recently surpassing the $2,000 threshold.
As discussions swirl around Bitcoin’s future, speculation is rife about its potential price trajectory. Banking powerhouse Standard Chartered has recently reiterated its forecast, suggesting that the cryptocurrency could well reach $200,000 by 2025. They’ve gone as far as to declare that their previous $120,000 target for the second quarter of the coming year might be overly cautious.
Currently, Bitcoin stands only 8% shy of its all-time high of $108,786, recorded back on January 20. The growing interest in digital currencies, alongside these bullish projections from financial institutions, indicates a prevailing optimism in the market. Investors are understandably eager to see how this situation unfolds as they weigh the risks and opportunities ahead.
