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

Bitcoin (CRYPTO: BTC BTC - $107488.429 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: $107488.429

Volume 24h: $54,924,644,946.16

Market Cap: $2,135,558,170,785.69

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 19,867,781. The last known price of Bitcoin is 107,235.07651849 USD and is up 2.80 over the last 24 hours. It is currently trading on 12086 active market(s) with $54,397,330,998.98 traded over the last 24 hours. More information can be found at https://bitcoin.org/.