$19B crypto crash opens door to $200K Bitcoin in 2025: Finance Redefined
Bitcoin may still be on track to $200,000 before the end of the year despite the recent market crash, but a lack of ETF buying continues to limit upside potential.
Cryptocurrency valuations staged a modest recovery this week as investor appetite for digital assets returned after the recent market crash.
In a silver lining to the correction, the $19 billion liquidation event may be seen as a buying opportunity by investors, a dynamic that could fuel Bitcoin’s (BTC) rise above $200,000 before the end of the year, according to Standard Chartered’s global head of digital assets research, Geoff Kendrick.
However, a lack of inflows from the US spot Bitcoin exchange-traded funds (ETFs) continues to limit Bitcoin’s upside momentum.
