Results for: Ether

Standard Chartered’s top crypto analyst, Geoffrey Kendrick, forecasts a bullish future for Bitcoin and Ether, with Bitcoin expected to surge to $150,000 and Ether reaching $8,000 by the end of 2024. Kendrick believes that the negative market sentiment has been factored in and that positive factors will prevail, driving the prices higher. The supply shock from the Bitcoin halving and the introduction of new Bitcoin ETFs are seen as key contributors to this growth. Despite recent setbacks, such as the military conflict between Iran and Israel, Kendrick remains optimistic about Bitcoin’s potential to reach new highs.

The cryptocurrency market has witnessed fluctuations following the halving of Bitcoin, with a number of altcoins experiencing losses. Bitcoin recorded a decline of 0.56 percent to trade at $65,693, while Ether faced a 1.79 percent drop to trade at $3,037. Some altcoins, including Tether, Ripple, Dogecoin, Shiba Inu, and Polkadot, also saw losses. Meanwhile, Binance Coin, Solana, Litecoin, Leo, and Uniswap posted minor gains. The overall market capitalization for the crypto sector rose by 1.37 percent in the last 24 hours, reaching $2.47 trillion.