Bitcoin is likely to reach $100,000 at the end of 2024
Bitcoin is anticipated to get advantage from several factors similar as recent fermentation in the banking sector, a stabilisation of threat means as theU.S. Federal Reserve ends its rate- hiking cycle and bettered profitability of crypto mining. Standard Chartered on Monday said that Bitcoin is likely to reach$ 100,000 by the end of 2024, adding that the so- called “ crypto downtime ” is over. Bitcoin is anticipated to get advantage from several factors similar as recent fermentation in the banking sector, a stabilisation of threat means as the U.S. The Federal Reserve is ending the cycle of rate hikes and improving the profitability of cryptocurrency mining, said Geoff Kendrick, head of digital fund exploration at Standard Chartered. Over the weekend, Bitcoin continued to trade below the $28,000 position as it started a correction phase leading to a decline in investor confidence. The cryptocurrency tried to show...