Standard Chartered Bullish on Bitcoin; SOL Crosses $200 Amid Meme Coin Frenzy

Could Bitcoin reach 100 and $50,000 and soul inches closer to its all time high. You're watching Coin Desk Daily. I'm your host, Jen Sani Standard Chartered is bullish on Bitcoin increasing its year and Bitcoin price forecast by 50% to 100 and $50,000. The bank also predicted that Bitcoin will reach a high for the cycle of $250,000 during 2025. That's according to an emailed investment note on Monday, the analysis was based on a comparison with the price of gold. After gold traded funds were introduced in the United States and a correlation between ETF inflows and the price of Bitcoin. The bank also said the SEC could approve Ether ETF S in May leading to inflows of as much as $45 billion in the 1st 12 months and e reaching $8000 by the end of 2024. As of 9:30 a.m. Eastern time, Bitcoin was at $67,831. Ether was at 3552 and the Coin Desk 20 index was at 2643 up almost 3%. Solana cost $200 as meme coin frenzy bumps demand for the Solana network Seoul is now 22% away from its lifetime peak of $260 but has already crossed its record market cap of 75 billion sentiment. Data shows. Solana network activity has likely been led by retail traders who chased newer meme coins and presales that popped up over the weekend as of 930 am Eastern time, soul was at around $205. And Kelsi, the only regulated prediction market platform in the United States will let clients bet on the price outcomes of five different cryptocurrencies. Some examples include when Bitcoin will reach $100,000 and the highest price ether will reach in 2024 more markets are set to launch on Tuesday. All the bets are about crypto, they will be placed and settled in us dollars. That's a wrap for Coindesk daily, get more updates on coindesk.com and we'll see you next time.