[ad_1] <br><div><p data-testid="paragraph-0" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI" style="font-size:20px">LONDON, April 24 (Reuters) - High cryptocurrency bitcoin might attain $100,000 by the top of 2024, Normal Chartered <a target="_blank" data-testid="Link" href="https://www.reuters.com/companies/STAN.L" class="text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_" rel="noopener">(STAN.L)</a> mentioned on Monday, saying that the so-called "crypto winter" is over.</p><p data-testid="paragraph-1" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI" style="font-size:20px">Bitcoin might achieve from components together with latest turmoil within the banking sector, a stabilisation of danger belongings because the U.S. Federal Reserve ends its rate-hiking cycle and improved profitability of crypto mining, Normal Chartered's head of digital belongings analysis Geoff Kendrick mentioned in a observe.</p><p data-testid="paragraph-2" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI" style="font-size:20px">"Whereas sources of uncertainty stay, we expect the pathway to the USD 100,000 stage is turning into clearer," Kendrick wrote.</p><p data-testid="paragraph-3" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI" style="font-size:20px">Bitcoin has rallied up to now this yr, rising above <a target="_blank" data-testid="Link" href="https://www.reuters.com/technology/bitcoin-pushes-past-30000-investors-eye-end-rate-rises-2023-04-11/" class="text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_" rel="noopener">$30,000 in April</a> for the primary time in ten months. It positive factors characterize a partial restoration after trillions of {dollars} have been wiped from the crypto sector in 2022, as central banks hiked rates of interest and a string of crypto companies imploded.</p><p data-testid="paragraph-4" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI" style="font-size:20px">Predictions of sky-high valuations have been commonplace throughout bitcoin's previous rallies. A Citi analyst mentioned in November 2020 that bitcoin might climb as excessive as $318,000 by the top of 2022. It closed final yr down about 65% at $16,500.</p><p><span data-testid="Text" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__default__UPMUu sign-off__text__PU3Aj">Reporting by Elizabeth Howcroft; modifying by Tom Wilson and Louise Heavens</span></p><p data-testid="Body" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI">Our Requirements: <a target="_blank" data-testid="Link" href="https://www.thomsonreuters.com/en/about-us/trust-principles.html" class="text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_" rel="noopener">The Thomson Reuters Trust Principles.</a></p><div class="article-body__element__2p5pI"><address class="author-bio__author-card__3h9uA horizontal"><a target="_blank" class="author-bio__author-image__3uDqF" href="https://www.reuters.com/authors/elizabeth-howcroft/" rel="noopener"><div class="author-bio__author-info__2IJ1y"><a target="_blank" data-testid="Heading" rel="author noopener" href="https://www.reuters.com/authors/elizabeth-howcroft/" class="text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__heading_6__1qUJ5 heading__base__2T28j heading__heading_6__RtD9P author-bio__name__3-Uzf" style="font-size:16px">Elizabeth Howcroft</a><p data-testid="Heading" class="text__text__1FZLe text__dark-grey__3Ml43 text__light__1nZjX text__heading_6__1qUJ5 heading__base__2T28j heading__heading_6_light__2VdQi author-bio__company__3i55k" style="font-size:16px">Thomson Reuters</p><p data-testid="Body" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__base__22dCE body__small_body__2vQyf author-bio__description__3uv33" style="font-size:16px">Experiences on the intersection of finance and know-how, together with cryptocurrencies, NFTs, digital worlds and the cash driving "Web3".</p></div></address></div></div> <br>[ad_2] <br><a href="https://www.reuters.com/technology/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/">Source link </a>