Standard Chartered Sticks to $100,000 Bitcoin Target as ETFs Shed $729 Million in Two Days
- —Bitcoin at $83,100 after Thursday's low of $80,337, the weakest since mid-September
- —US spot bitcoin ETFs lost $729 million in two days: $484.9 million and $244.1 million
- —BlackRock's fund saw $207.7 million pulled; Fidelity's lost $197.1 million
- —Standard Chartered keeps $100,000 year-end target, implying a 20% gain in 12 weeks
Why it matters: If the $80,000 zone holds, the uptrend since July remains intact; a close above $87,100 would signal the next leg higher.
Source: CryptoTicker