Cryptocurrency valuations staged a modest recovery this week as investor appetite for digital assets returned following a recent market crash. The recent $19 billion liquidation event may be viewed by investors as a buying opportunity, potentially fueling Bitcoin’s rise above $200,000 before the end of 2025, according to Geoff Kendrick, Standard Chartered’s global head of digital assets research. However, the absence of inflows from US spot Bitcoin exchange-traded funds (ETFs) continues to constrain Bitcoin’s upside momentum.
Despite the volatility, Kendrick remains confident that Bitcoin will rebound as markets stabilize. “My official forecast is $200,000 by the end of the year,” he stated during an exclusive interview at the 2025 European Blockchain Convention in Barcelona. He also noted that, even with ongoing tariff uncertainties, Bitcoin is projected to reach “well north of $150,000” by year-end, assuming the US Federal Reserve continues to cut interest rates.
The crypto market experienced a record $19 billion liquidation event in early October, causing Bitcoin’s price to dip to a four-month low of approximately $104,000. This correction, while significant, is seen by some analysts and investors as a strategic entry point amid broader digital asset market dynamics. Although ETF investment remains low, the path remains open for remarkable recovery potential for Bitcoin as market conditions evolve.
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