Standard Chartered Cuts Bitcoin Price Target to $150K, Sees 55% Upside
- Market Volatility Impact: Bitcoin experienced a significant sell-off after peaking at $126,000 last year, primarily due to investor concerns about the economy and interest rate trajectories, alongside large holders beginning to sell, creating a tense market sentiment.
- Price Target Adjustment: Standard Chartered's Geoff Kendrick lowered the 2026 Bitcoin price target from $300,000 to $150,000, yet this still implies a 55% upside from current levels, reflecting ongoing long-term confidence in Bitcoin despite market fluctuations.
- Digital Asset Company Outlook: Kendrick expresses a more bearish outlook on Digital Asset Treasury companies (DATs), suggesting their ability to purchase Bitcoin may be constrained, leading to a potential market consolidation rather than outright selling, which could limit further support for Bitcoin.
- ETF Potential: Despite a less optimistic market environment compared to early last year, Kendrick remains bullish on spot Bitcoin exchange-traded funds (ETFs), believing they will facilitate greater institutional investment in crypto, particularly under the pro-crypto stance of the Trump administration, which may alleviate regulatory concerns for investors.
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Strive Boosts Its Bitcoin Holdings to 789 BTC, Bringing Total to 14,557 BTC
Strive's Acquisition Announcement: Strive CEO Matt Cole announced on social media that the company spent approximately $61.43 million to acquire an additional 789 BTC.
Average Purchase Price: The average price paid for the additional BTC was around $77,890 per BTC.
Total BTC Holdings: As of April 24th, Strive held a total of 14,557 BTC.
Investment Strategy: This acquisition reflects Strive's ongoing investment strategy in Bitcoin amidst fluctuating market conditions.
Strategy Boosted Its Bitcoin Holdings by 3,273 Coins in the Past Week.
- Acquisition Details: Strategy spent $255 million last week to acquire 3,273 bitcoins.
- Market Impact: This significant purchase reflects ongoing interest and investment in cryptocurrency.
Michael Saylor: Seeks to Propel Bitcoin Value to $10 Million
Michael Saylor's Ambition: At the Bitcoin 2026 conference, Michael Saylor expressed his goal to drive Bitcoin's price to $10 million per coin.
Market Capitalization Vision: Saylor aims to establish Bitcoin as part of a $200 trillion market capitalization, indicating a belief in significant future growth for the cryptocurrency.
US Bitcoin Spot ETF Experienced $89.7 Million in Net Outflows Yesterday, Alongside $21.8 Million in Net Outflows for US Ethereum Spot ETF.
- Bitcoin ETF Outflow: The net outflow of the US Bitcoin spot ETF was reported at $89.7 million yesterday.
- Ethereum ETF Outflow: The net outflow of the US Ethereum spot ETF was reported at $21.8 million.
Upbit to Introduce BLEND Trading Pairs with KRW, BTC, and USDT
- Trading Pairs: Upbit will list trading pairs for BLEND, KRW, BTC, and USDT.
- Market Expansion: The addition of these trading pairs indicates Upbit's efforts to expand its market offerings.
Senator Lummis: Actively Improving Developer Protection Measures in the "CLARITY Act"
Senator's Position: Senator Cynthia Lummis supports the Bitcoin Strategic Reserve Act and emphasizes that concerns regarding developer protection in the CLARITY Act are not new.
Current Efforts: There are ongoing efforts to enhance developer protection provisions to ensure the security of non-custodial developers.
Accountability for Bad Actors: The initiatives aim to hold bad actors accountable within the cryptocurrency space.
Focus on Security: The overarching goal is to improve security measures for developers involved in the cryptocurrency industry.
Strive Boosts Its Bitcoin Holdings to 789 BTC, Bringing Total to 14,557 BTC
Strive's Acquisition Announcement: Strive CEO Matt Cole announced on social media that the company spent approximately $61.43 million to acquire an additional 789 BTC.
Average Purchase Price: The average price paid for the additional BTC was around $77,890 per BTC.
Total BTC Holdings: As of April 24th, Strive held a total of 14,557 BTC.
Investment Strategy: This acquisition reflects Strive's ongoing investment strategy in Bitcoin amidst fluctuating market conditions.
Strategy Boosted Its Bitcoin Holdings by 3,273 Coins in the Past Week.
- Acquisition Details: Strategy spent $255 million last week to acquire 3,273 bitcoins.
- Market Impact: This significant purchase reflects ongoing interest and investment in cryptocurrency.
Michael Saylor: Seeks to Propel Bitcoin Value to $10 Million
Michael Saylor's Ambition: At the Bitcoin 2026 conference, Michael Saylor expressed his goal to drive Bitcoin's price to $10 million per coin.
Market Capitalization Vision: Saylor aims to establish Bitcoin as part of a $200 trillion market capitalization, indicating a belief in significant future growth for the cryptocurrency.
US Bitcoin Spot ETF Experienced $89.7 Million in Net Outflows Yesterday, Alongside $21.8 Million in Net Outflows for US Ethereum Spot ETF.
- Bitcoin ETF Outflow: The net outflow of the US Bitcoin spot ETF was reported at $89.7 million yesterday.
- Ethereum ETF Outflow: The net outflow of the US Ethereum spot ETF was reported at $21.8 million.
Upbit to Introduce BLEND Trading Pairs with KRW, BTC, and USDT
- Trading Pairs: Upbit will list trading pairs for BLEND, KRW, BTC, and USDT.
- Market Expansion: The addition of these trading pairs indicates Upbit's efforts to expand its market offerings.
Senator Lummis: Actively Improving Developer Protection Measures in the "CLARITY Act"
Senator's Position: Senator Cynthia Lummis supports the Bitcoin Strategic Reserve Act and emphasizes that concerns regarding developer protection in the CLARITY Act are not new.
Current Efforts: There are ongoing efforts to enhance developer protection provisions to ensure the security of non-custodial developers.
Accountability for Bad Actors: The initiatives aim to hold bad actors accountable within the cryptocurrency space.
Focus on Security: The overarching goal is to improve security measures for developers involved in the cryptocurrency industry.
