A small increase in bitcoin price during February 15–16 can provoke tributaries in ETF with the opening of traditional markets on Monday. This will push the first cryptocurrency to $ 100,000 and $ 102,500, reports The Block with reference to Standard Chartered analysts.
Recent weekends were “complex” for digital gold, but this trend is changing, according to Jeffrey Kendrick, head of the digital asset research department at Standard Chartered.
In his opinion, adverse events have already occurred. In addition, the yield of 10-year US bonds this week is below 4.5%, which is a positive signal for risky assets like bitcoin.
As these factors develop, the price of the first cryptocurrency will first reach $ 100,000, and after $ 102,500. Kendrick believes that growth can lead to even greater demand for coins and further positive dynamics.
At the time of writing, bitcoin is traded at $ 97,260 with a capitalization of $ 1.93 trillion. Over the past day, the price of the asset has fallen by approximately 0.4%.
In early February, Standard Chartered experts called the market conditions “favorable” for bitcoin.
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Source: Cryptocurrency
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