Bitcoin $120,000 Price Target May Be Too Low, Says Standard Chartered: 'I Apologize'

Bitcoin (CRYPTO: BTC BTC - $116556.327 could surpass previous forecasts and hit new highs sooner than expected, according to Standard Chartered's Head of Digital Assets Research, Geoffrey Kendrick, who acknowledged Monday that his earlier second-quarter price target of $120,000 may be too conservative. What Happened: In a note sent to clients, Kendrick revised his tone sharply, stating, "I apologize that my $120,000 Q2 target may be too low.

Source: benzinga.com

Related symbols: BTCUSD

2025-05-08 11:28:02 GMT.

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Price & Market Data

Price: $116556.327

Volume 24h: $96,473,543,186.83

Market Cap: $2,318,640,801,531.01

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,892,862. The last known price of Bitcoin is 116,401.79456215 USD and is down -2.75 over the last 24 hours. It is currently trading on 12258 active market(s) with $94,966,180,720.14 traded over the last 24 hours. More information can be found at https://bitcoin.org/.