Standard Chartered Says This Could Be the Week Everything Changes for Bitcoin | US Crypto News
Welcome to the US Crypto News Morning Briefing—your important rundown of the most vital developments in crypto for the day forward.
Grab a espresso as a result of this week might quietly redefine the tone of the total market. Between shifting US-China commerce winds, a looming Fed choice, and Bitcoin’s tightening grip above six figures, the temper feels totally different — nearly expectant.
Crypto News of the Day: Standard Chartered Says the Week That Decides If Bitcoin Ever Falls Below $100,000 Again Has Begun
This might be a kind of weeks the place the market quietly shifts from uncertainty to conviction.
According to Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, a wave of surprisingly positive US-China developments has turned market sentiment “from concern into hope.”
Kendrick highlighted that US Treasury Secretary Bessent signaled an imminent breakthrough over the weekend. He indicated that China is predicted to droop uncommon earth export controls for a 12 months and improve soybean purchases from the US in alternate for Washington dropping its threatened 100% tariffs.
Details of this potential deal will probably be finalized after the Trump-Xi meeting in Korea later this week. The information has already rippled by the markets, with Bitcoin benefiting from the positive sentiment.
In the similar tone, the USD-CNH pair has fallen to close year-to-date lows, signaling a stronger yuan and renewed confidence in international commerce stability. This easing rigidity has, in flip, fueled a rebound in Bitcoin’s correlation to threat urge for food, as traders rotate away from defensive positions.
“The Bitcoin-gold ratio, highlighted final week, continues to push larger,” Kendrick wrote, noting that it now sits simply above ranges seen earlier than the tariff scare earlier this month. “I’ll watch for this ratio to interrupt again above 30 to sign an finish to such concern.”
The Week That Could Redefine Bitcoin’s Future
For Kendrick, the coming days could mark a important turning level for Bitcoin and the way traders interpret its long-term cycle. He identified that over $2 billion exited US gold ETFs last week, suggesting an urge for food shift that would quickly favor Bitcoin.
“It would affirm a extra constructive backdrop if even half of that re-entered Bitcoin ETFs early this week,” he famous.
The broader setup seems to be equally intriguing. Wednesday’s FOMC assembly is predicted to ship a 25 basis-point fee minimize, regardless of the Fed working in what Kendrick described as a “data blackout.”
He additionally hinted that rising hypothesis over the subsequent Fed Chair might show “Bitcoin constructive” if it raises issues about central financial institution independence.
Add to that, the looming earnings releases from 5 of the ‘Magnificent Seven’ — Microsoft, Meta, Google, Apple, and Amazon — and the macro calendar seems to be loaded with catalysts.
“This week is about to be pure chaos…the authorities shutdown is about to hit day 30. The Fed decides charges on Wednesday. Powell speaks proper after, throughout a knowledge blackout. Then, we’ve received Microsoft, Apple, Google, Meta, and Amazon, all reporting earnings. That’s $15.2 trillion in market cap dropping numbers in the similar week. And simply whenever you suppose it’s over… Trump meets President Xi on Thursday, 48 hours earlier than his 100% tariff deadline. Buckle up. This week might transfer the whole lot,” Mario Nawfal corroborated.
Kendrick argues {that a} recent Bitcoin all-time high would function the “demise knell” for these nonetheless clinging to the halving cycle as the major driver of BTC’s worth.
“ETF flows matter extra now…If this week goes effectively, Bitcoin could by no means go under $100,000 once more,” he stated.
This assertion echoes remarks highlighted in a current US Crypto News publication. Whether or not that prediction holds, this week’s mixture of diplomacy, knowledge, and digital gold might show decisive for the subsequent section of Bitcoin’s story.
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Here’s a abstract of extra US crypto information to observe right now:
- Another 12 months, one other delay: Mt. Gox keeps $4 billion in Bitcoin off the market.
- Crypto inflows near $1 billion as fee minimize hopes gasoline market momentum.
- XRP worth wants a 7% push to rally — Two metrics hint it’s close.
- Top crypto news this week: BlackRock ETH ETF, MegaETH ICO, Trump-Xi assembly, and extra.
- The crypto market is exploding — and one man is betting on its collapse.
- Three altcoins are facing major liquidation risks in the final week of October.
- Ocean Protocol denies token theft allegations as ASI Alliance rift deepens.
- Argentina’s Javier Milei celebrates 2025 midterm triumph as LIBRA scandal deepens.
- Inside the x402 token boom: The new cost customary powering AI brokers.
Crypto Equities Pre-Market Overview
| Company | At the Close of October 24 | Pre-Market Overview |
| Strategy (MSTR) | $289.08 | $300.01 (+3.78%) |
| Coinbase (COIN) | $354.46 | $364.65 (+2.87%) |
| Galaxy Digital Holdings (GLXY) | $39.82 | $41.29 (+3.69%) |
| MARA Holdings (MARA) | $19.54 | $20.38 (+4.29%) |
| Riot Platforms (RIOT) | $21.42 | $22.36 (+4.39%) |
| Core Scientific (CORZ) | $19.34 | $19.71 (+1.91%) |
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