BTC $85,568.00 +5.25%
ETH $2,736.53 +2.89%
BNB $788.48 +1.78%
XRP $1.52 +7.13%
SOL $116.96 +5.07%
TRX $0.3482 +1.52%
DOGE $0.1046 +18.71%
ADA $0.2505 +8.58%
BCH $265.16 +4.27%
LINK $13.01 +3.01%
HYPE $92.87 -0.64%
AAVE $143.59 +3.63%
SUI $1.03 +9.19%
XLM $0.2142 +8.46%
ZEC $1,451.86 -3.76%
AAPL $338.73 +1.27%
AMZN $259.45 +1.56%
GOOGL $357.31 +1.60%
MSFT $501.20 +1.23%
META $744.56 +9.95%
NVDA $227.06 +1.59%
TSLA $375.69 +2.47%
SNDK $1,773.72 -1.45%
INTC $121.50 +7.34%
SPCX $152.63 -1.19%
MU $1,044.79 +1.59%
AMD $618.64 +8.60%
BTC $85,568.00 +5.25%
ETH $2,736.53 +2.89%
BNB $788.48 +1.78%
XRP $1.52 +7.13%
SOL $116.96 +5.07%
TRX $0.3482 +1.52%
DOGE $0.1046 +18.71%
ADA $0.2505 +8.58%
BCH $265.16 +4.27%
LINK $13.01 +3.01%
HYPE $92.87 -0.64%
AAVE $143.59 +3.63%
SUI $1.03 +9.19%
XLM $0.2142 +8.46%
ZEC $1,451.86 -3.76%
AAPL $338.73 +1.27%
AMZN $259.45 +1.56%
GOOGL $357.31 +1.60%
MSFT $501.20 +1.23%
META $744.56 +9.95%
NVDA $227.06 +1.59%
TSLA $375.69 +2.47%
SNDK $1,773.72 -1.45%
INTC $121.50 +7.34%
SPCX $152.63 -1.19%
MU $1,044.79 +1.59%
AMD $618.64 +8.60%

Standard Chartered Bank: Expects BTC to rebound this weekend, ETF inflows may help it return above $100,000

2025-02-16 08:00:19

ChainCatcher news, Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, stated in a recent report that Bitcoin has declined for five consecutive weekends, but this trend is expected to change this weekend. A slight increase this weekend could trigger ETF inflows on Monday, pushing its price back to $100,000 and then up to $102,500.

The last few weekends (from Friday at 5 PM to Sunday at the same time, New York time) have been particularly tough for Bitcoin, with negative news putting pressure on it. A key event was the DeepSeek news over the weekend of January 25 to 26, followed by the weekend of February 1 to 2, when Bitcoin was hit by tariff news from Canada and Mexico.

It noted: "This is not 'normal', this weekend (February 15 to 16) will be 'different', as the negative events have already occurred, and the U.S. 10-year Treasury yield fell below 4.5% this week, which is a positive signal for risk assets like Bitcoin. Lower yields often relieve the pressure on speculative investments, making a rebound more likely."

app_icon
ChainCatcher Building the Web3 world with innovations.