StanChart reaffirms Bitcoin on track to reclaim ATH by election day, 6-figures if Trump wins

StanChart believes that a Trump presidency could propel Bitcoin to $80,000 in the days following the elections and $125,000 by year-end.

Oct 25, 2024

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The global crypto market cap is $2.31 trillion, with a 24-hour volume of $74.76 billion. The price of Bitcoin is $67,968.73, and BTC market dominance is 57.9%. The price of Ethereum is $2,530.65, and ETH market dominance is 13.1%. The best-performing sector is eCommerce, which gained 54%.

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As the U.S. presidential election approaches, Bitcoin's future hangs in the balance, with Standard Chartered predicting a potential surge to $80,000 if Donald Trump wins. The bank's analysis suggests that Bitcoin could reach $73,000 by Election Day, with a bullish outlook for a year-end target of $125,000 contingent on Republican victories. Meanwhile, Microsoft shareholders are set to vote on a controversial Bitcoin investment proposal despite board opposition, and Ripple's CEO expresses optimism for a crypto-friendly political landscape post-election. Dive into today's top headlines for all the latest insights!