- Bitcoin at $75,697 (-2.5%), $1.515T cap; Fear & Greed at 26.
- Standard Chartered targets $140,000 on ETF inflows and halving.
- $75K support key; $80K breakout eyes $126K ATH.
Standard Chartered forecasts Bitcoin reaching $140,000 by year-end. BTC fell 2.5% to $75,697, market cap $1.515 trillion (CoinGecko). Fear & Greed Index sits at 26, signaling extreme fear (Alternative.me).
Ethereum dropped 3.5% to $2,349 ($283.5B cap). XRP lost 4.2% to $1.43 ($87.8B). Solana fell 3.5% to $86.14 ($49.5B). BNB dipped 1.8% to $630.61 ($85B).
Market Snapshot
Stablecoins held: USDT at $1.00 ($186.6B cap), USDC at $1.00 ($78.5B). Bitcoin dominance exceeds 55% (CoinMarketCap).
- Asset: BTC · Price (USD): 75,697 · 24h Change: -2.5% · Market Cap (B USD): 1,515
- Asset: ETH · Price (USD): 2,349 · 24h Change: -3.5% · Market Cap (B USD): 283.5
- Asset: USDT · Price (USD): 1.00 · 24h Change: 0.0% · Market Cap (B USD): 186.6
- Asset: XRP · Price (USD): 1.43 · 24h Change: -4.2% · Market Cap (B USD): 87.8
- Asset: BNB · Price (USD): 630.61 · 24h Change: -1.8% · Market Cap (B USD): 85.0
- Asset: SOL · Price (USD): 86.14 · 24h Change: -3.5% · Market Cap (B USD): 49.5
Low Fear & Greed levels preceded rebounds in past cycles (Glassnode).
Support Levels Hold Firm
BTC tests $75,000 support. A hold prevents drop to $70,000. Resistance at $80,000 eyes $126,000 prior high. Glassnode data shows whale accumulation and falling exchange reserves reduce selling.
April 2024 halving slashed issuance to 450 BTC daily. Miners hold 19.7M of 21M supply (CoinGecko).
$140K Drivers: ETFs and Halving
Hold $75,000 sparks rally. BlackRock's IBIT and Fidelity's FBTC ETFs drew $20B+ inflows since January 2024 (ETF filings). Expected 2025 Fed rate cuts lift risk assets.
Geoffrey Kendrick, Standard Chartered's head of FX strategy, cited ETF momentum and halving in October 2024 report, targeting $140,000 (Standard Chartered Research).
Institutional buys via Coinbase custody rise. EU MiCA rules from December 2024 attract capital. BTC L2s like Stacks offer 5% APY DeFi yields.
Bear Risks Remain
Break below $70,000 risks $2B liquidations. Fed tightening and altcoin weakness pressure price. $60,000 possible, but halving limits downside.
Glassnode on-chain metrics indicate long-term holders build floor at $65,000.
Key Momentum Catalysts
ETFs manage $50B+ AUM; inflows drive price.
- MicroStrategy CEO Michael Saylor added 10,000 BTC in Q3 2024 (filings).
- RSI at 28 oversold; MACD bullish divergence.
- Hashrate at 650 EH/s record.
- Ordinals/Runes lift volume 30% MoM (CoinMarketCap).
Fidelity's Jurrien Timmer, global macro director, emphasized ETF demand in recent analysis.
Fintech Boosts Outlook
Revolut enables BTC payments for 45M users. PayPal's PYUSD pairs with BTC. Solana's 65,000 TPS aids payments, but BTC dominates store-of-value.
JPMorgan tests BTC collateral for $1M loans. SEC ETF approvals let BNY Mellon custody BTC.
Lightning Network handles 1M daily payments at $0.01 fees. BTC L2 DeFi TVL tops $500M.
Next Steps
$80,000 breakout confirms $140K path. Monitor ETF flows and Fed minutes. Halving and adoption trump fear.
Frequently Asked Questions
What is the Bitcoin price prediction this year?
Standard Chartered's Geoffrey Kendrick forecasts $140,000 by year-end. BTC at $75,697 tests support; $80K eyes ATH.
Why is Fear & Greed Index at 26?
Extreme fear from 2.5% BTC dip to $75,697 and alt losses like ETH -3.5%. History shows rebounds follow.
What causes the current Bitcoin dip?
Selloff hits XRP -4.2%, Solana -3.5%. Macro Fed risks weigh on $75,697 price.
How do ETFs impact Bitcoin price?
$20B+ inflows since 2024 floor price at $75K, propel toward $140K target.
