Standard Chartered Reacts to Bitcoin Crossing $100,000
Bitcoin crossed the $100,000 milestone on Thursday and hit a new all-time high of $103,679 hours ago. The leading cryptocurrency dominates the news cycle, with top global banks and institutional funds taking notes. Standard Chartered has reacted to Bitcoin hitting the $100,000 mark and cited that institutional money made BTC hit the achievement. Also Read: Dogecoin Turns an Investment of $1,000 Into $1.8 Million BREAKING: $100,000 #Bitcoin pic.twitter.com/vMUtASAZkN — Watcher.Guru (@WatcherGuru) December 5, 2024 According to Standard Chartered, retail investors played no role in Bitcoin climbing above the $100,000 level. The recently launched BTC ETF ignited its rally and set the stage for the landmark occasion. The global investment bank said that the turning point for BTC in 2024 came from trillion-dollar institutional funds. Also Read: Litecoin Hits $130 After 3 Years: What Will LTC Be Worth in 4 Years? Standard Chartered Says Institutional Investors Pushed Bitcoin to $100,000 ...