Standard Chartered Bank: BTC may rise to more than $73,000 on Election Day
Standard Chartered analyst Geoff Kendrick expects Bitcoin to revisit its all-time high above $73,000 against the U.S. dollar on the day of the U.S. election.

Standard Chartered analyst Geoff Kendrick expects Bitcoin to revisit its all-time high above $73,000 against the U.S. dollar on the day of the U.S. election.
Bitcoin (BTC), the world’s largest cryptocurrency, is expected to hit new highs by the end of the year regardless of who wins the U.S. election in November, Standard Chartered Bank (STAN) said in a report resuming its coverage of the sector on Thursday.
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Recently, HSBC China, Hang Seng China, Standard Chartered China, and Fubon Bank China became the first batch of foreign banks to announce their access to the e-CNY interoperability platform.
Standard Chartered Bank's imminent participation in China's digital yuan pilot project signifies the growing global interest in digital currencies. As a pioneer in this venture, the bank anticipates a wide array of applications for the digital yuan in international trade and finance.
The trial involved real-time transfers and swaps of synthetic USDC and EURS to wallets owned by Deutsche Bank.
International banking giants have achieved a significant milestone by successfully conducting the first UDPN proof-of-concept, enabling real-time exchange and transfer of stablecoins.
This forecast is based on Ether's growing use in blockchain-based smart contracts, gaming, and the tokenization of traditional assets.
The solution will target institutional clients around the world and will be powered by its subsidiary Zodia Custody.
The partnership with Standard Chartered will help Coinbase to offer free bank transfers for users in Singapore.