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Standard Chartered Bank has said that Bitcoin may continue its recent fall to reach a price of $50,000. The asset has been one of the hardest hit of an ongoing market correction taking place this week. Over the last 24 hours, BTC has dropped more than 5% according to CoinMarketCap. Currently, Bitcoin is trading at just above $57,000 which is a stark decline from its position a week ago. Moreover, the asset has fallen more than 11% since the highly-anticipated Bitcoin Halving event took place on April 20th. Subsequently, Standard Chartered notes that the fall could continue for the cryptocurrency leader. Source: embca.com Also Read: Coinbase Officially Integrates Bitcoin Lightning Network Standard Chartered Bank Says BTC Could Reach $50,000 Throughout 2024, Bitcoin has dominated much of the discourse in the finance sector. That is, in large part, due to the approval of Spot Bitcoin ETFs in the United States. Additionally, the year was set to be the site of the fourth-ever...

As Bitcoin (BTC) has seen a massive resurgence this year, Standard Chartered Bank has predicted a $100,000 price by the end of 2024. Indeed, the $820 billion bank shared its forecast while noting that the “crypto spring,” has already begun. The prediction is a reiteration of a forecast that the bank had made in April of this year. The bank stated that Bitcoin would reach six figures by the end of next year. Moreover, that prediction has already been reinforced with the asset increase of 130% so far in 2023. Still, the prediction would require the asset to increase by another 160% in 2024. JUST IN: $820 billion Standard Chartered Bank predicts #Bitcoin will reach $100,000 by the end of 2024. — Watcher.Guru (@WatcherGuru) November 28, 2023 Also Read: Bitcoin: Microstrategy Stock Reaches 2-year High After BTC Surge Standard Chartered Predicts $100,000 Bitcoin in 2024 Following a horrendous year for digital assets in 2022, this year has proven to be ...

Multinational banking giant Standard Chartered has begun offering exchange services for the digital yuan, helping to integrate China’s CBDC into the global financial system. Standard Chartered, a major multinational bank, has recently entered the growing realm of digital currencies by providing exchange services for China’s central bank digital currency (CBDC), the digital yuan. This strategic move aligns the bank with the evolving landscape of global finance, particularly in embracing a state-backed digital currency. Collaborating with City Bank Clearing Services, Standard Chartered’s chinese division is facilitating access to the digital yuan’s interconnection platform. This service encompasses both the recharge and redemption functions, enhancing customer interaction with this novel digital currency. You might also like: Standard Chartered predicts Bitcoin’s future value China’s digital yuan, also known as e-CNY, has been a front-runner in the...