It is observed that the trade agreement between the United States and the United Kingdom and the approval of US states of digital asset reserves leads to recovery in digital money markets. These developments may have a positive effect on market mobility.
Comments on price targets
Standard Chartered President of Digital Assets Geoffrey Kendrick, Bitcoin $103,267.87 Price targets are lower than previous estimates, stating that the existing figures are not brave enough, he said. Kendrick said he thought Bitcoin’s rise could accelerate.
“The target of 120 thousand dollars for Q2 may be inadequate.”
Kendrick, Bitcoin for the end of the end of the target of 120 thousand dollars for the end of 2025, the current reviews of the year -end estimation to reach 200 thousand dollars, he said. Market dynamics and investor movements support this expectation.
“We anticipate that supporting factors will increase BTC to $ 120 thousand around Q2 and increase the increase during the summer.”
Kendrick emphasized that Bitcoin’s rise story shifted from risk assets from correlation to strategic asset distribution and cash flows in large amounts. This shows that market expectations have changed.
“While the correlation to risk assets was in the forefront, now all importance is in cash flows.”
ETF Investments and Market Mobility
US Spot Bitcoin ETFs reportedly received a net entry of $ 1.6 billion in May. The biggest fund under Blackrock’s led, contrary to a single -day net output, has long been interested in investor.
While US ETFs hold 5.6 %of the total Bitcoin supply, 6.4 %of global ETFs and 3.4 %of the public companies, it is pointed out that the limited supply compete with increasing investor demand.
The increase in market developments and ETF investments contains important signals for investors in the digital asset market. Investors can follow these data and update their strategies and allow them to benefit from possible price increases.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
