Standard Chartered’s $100K Target Explained

• Bitcoin Price Prediction: Can BTC Hit $80,000 This Week?
• With Bitcoin at a Crossroads This September, Traders Eye Bigger Gains in Bitcoin Hyper

Bitcoin price prediction points to a choppy September, historically one of Bitcoin’s weakest months. BTC is changing hands near $77,900, up 1.66% today: a modest bounce inside what’s shaping up to be an interesting month. Why? Standard Chartered, meanwhile, just launched institutional-grade infrastructure for digital asset trading, expanding its regulated banking services into the Bitcoin and Ether spot markets.

The $400 billion UK-headquartered bank switched on institutional Bitcoin and Ether spot trading in the UAE through Standard Chartered DIFC, its Dubai International Financial Center branch. It’s the first Global Systemically Important Bank to offer the service in the country.

The trades are deliverable spot, so clients actually hold the coins, not a synthetic wrapper, and settlement is custodian-agnostic, meaning institutions can plug in their own custody arrangement or use the bank’s UAE digital asset custody service launched back in September 2024.

https://x.com/DustyBC/status/2095475390944784750

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Bitcoin Price Prediction: Can BTC Hit $80,000 This Week?

BTC is trading around $77,900, after swinging between $77,004 and $78,180 yesterday. That’s a tight range for an asset known for double-digit weekly moves — a sign of indecision rather than conviction in either direction. Volume has thinned since the ETF-driven push toward $80,000 stalled out, and the market has stalled in what is historically Bitcoin’s worst-performing month since 2013.

Resistance sits at $79,000–$80,000, the ceiling where last week’s ETF-fueled rally ran out of steam. Support is forming near $75,000–$77,000, a zone that’s absorbed recent dips tied to renewed US-Iran tensions without triggering liquidation cascades.

A possible bullish scenario: a close above $80,000 reopens the path toward Standard Chartered’s $100,000 year-end target. Neutral case: continued grind inside the range through September’s seasonal chop. Bearish scenario: a break below $75,000 invites a retest of lower support.

A bank flipping on institutional spot rails in the UAE confirms something long-term holders already knew: Bitcoin is becoming genuine financial infrastructure. But infrastructure adoption at $77,000-plus does little for anyone hoping for outsized returns with modest capitals: that ship, for this cycle’s easy gains at least, has largely sailed. The upside math changes when the asset in question is still in presale.

So where to look? Bitcoin Hyper (HYPER), a Bitcoin Layer 2 built with Solana Virtual Machine (SVM) integration: the first project of its kind, aiming to deliver smart contract speed that reportedly outpaces Solana itself while still settling back to Bitcoin’s base layer.

The presale has raised $33M so far, with tokens priced at $0.0136856 and staking rewards at35% APY. The team is delivering innovative features. Its Decentralized Canonical Bridge aims to move BTC on and off the Layer 2 without relying on a centralized custodian, solving, at least on paper, Bitcoin’s long-standing slow-transaction, high-fee, no-programmability problem.

EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market

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In This Article

• Bitcoin Price Prediction: Can BTC Hit $80,000 This Week?
• With Bitcoin at a Crossroads This September, Traders Eye Bigger Gains in Bitcoin Hyper

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Source: 99bitcoins.com