Cryptocurrency valuations saw a modest rebound this week as investor interest returned following a substantial market correction. The recent $19 billion liquidation event might be perceived by investors as an attractive buying opportunity, potentially catalyzing Bitcoin’s ascent beyond $200,000 before year-end, according to Geoff Kendrick, Standard Chartered’s global head of digital assets research. However, Bitcoin’s upward momentum remains constrained due to limited inflows from US spot Bitcoin exchange-traded funds (ETFs). This lack of investment has placed Bitcoin on track for its worst October performance since 2013, the last time the historically bullish month ended negatively.
The $19 billion market crash, despite its severity, opens the door for a significant Bitcoin rally. The crypto market experienced this massive liquidation event over the weekend of October 10, causing Bitcoin’s price to plunge to a four-month low of $104,000 by the following Friday. As market volatility subsides, the crash could serve as a strategic entry point for investors. Kendrick confidently forecasts Bitcoin reaching $200,000 by the end of 2025, emphasizing that despite political and economic headwinds, including tariff discussions and interest rate uncertainties, Bitcoin is well-positioned to rebound strongly as markets regain stability.
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Source: https://cointelegraph.com/news/19b-crypto-crash-200k-bitcoin-2025-finance-redefined