Bitcoin Could Extend Gains After Hitting Record High -- Market Talk

Dow Jones

May 22, 2025

1107 GMT - Bitcoin looks set to rise further after hitting a record high earlier, Standard Chartered's Geoff Kendrick says in a note. The U.S. Treasury term premium remains high, meaning investors are increasingly wary about long-dated bonds. This is supporting bitcoin as it has a positive correlation to the term premium, Kendrick says. Furthermore, inflows into U.S. spot bitcoin exchange-traded funds are rising. Strategy continues to purchase more bitcoin and recent data show broadened government buying of bitcoin proxies. Meanwhile, the U.S. has advanced a bill for stablecoin regulation. Standard Chartered expects bitcoin to rise to $120,000 by quarter-end, $200,000 by end-2025 and $500,000 by end-2028. Bitcoin rises 2.3% to $110,768 after earlier reaching a high of $111,862, according to LSEG. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

May 22, 2025 07:07 ET (11:07 GMT)

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The U.S. Treasury term premium remains high, meaning investors are increasingly wary about long-dated bonds. This is supporting bitcoin as it has a positive correlation to the term premium, Kendrick says. Furthermore, inflows into U.S. spot bitcoin exchange-traded funds are rising. <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> continues to purchase more bitcoin and recent data show broadened government buying of bitcoin proxies. Meanwhile, the U.S. has advanced a bill for stablecoin regulation. Standard Chartered expects bitcoin to rise to $120,000 by quarter-end, $200,000 by end-2025 and $500,000 by end-2028. Bitcoin rises 2.3% to $110,768 after earlier reaching a high of $111,862, according to LSEG. 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The U.S. Treasury term premium remains high, meaning investors are increasingly wary about long-dated bonds. This is supporting bitcoin as it has a positive correlation to the term premium, Kendrick says. Furthermore, inflows into U.S. spot bitcoin exchange-traded funds are rising. <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> continues to purchase more bitcoin and recent data show broadened government buying of bitcoin proxies. Meanwhile, the U.S. has advanced a bill for stablecoin regulation. Standard Chartered expects bitcoin to rise to $120,000 by quarter-end, $200,000 by end-2025 and $500,000 by end-2028. Bitcoin rises 2.3% to $110,768 after earlier reaching a high of $111,862, according to LSEG. (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2025 07:07 ET (11:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03042","symbol_name":"华夏比特币","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537976948","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537976948","pubTimestamp":1747912020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1107 GMT - Bitcoin looks set to rise further after hitting a record high earlier, Standard Chartered's Geoff Kendrick says in a note. The U.S. Treasury term premium remains high, meaning investors are increasingly wary about long-dated bonds. This is supporting bitcoin as it has a positive correlation to the term premium, Kendrick says. Furthermore, inflows into U.S. spot bitcoin exchange-traded funds are rising. Strategy continues to purchase more bitcoin and recent data show broadened government buying of bitcoin proxies. Meanwhile, the U.S. has advanced a bill for stablecoin regulation. Standard Chartered expects bitcoin to rise to $120,000 by quarter-end, $200,000 by end-2025 and $500,000 by end-2028. Bitcoin rises 2.3% to $110,768 after earlier reaching a high of $111,862, according to LSEG. 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The U.S. Treasury term premium remains high, meaning investors are increasingly wary about long-dated bonds. This is supporting bitcoin as it has a positive correlation to the term premium, Kendrick says. Furthermore, inflows into U.S. spot bitcoin exchange-traded funds are rising. Strategy continues to purchase more bitcoin and recent data show broadened government buying of bitcoin proxies. Meanwhile, the U.S. has advanced a bill for stablecoin regulation. Standard Chartered expects bitcoin to rise to $120,000 by quarter-end, $200,000 by end-2025 and $500,000 by end-2028. Bitcoin rises 2.3% to $110,768 after earlier reaching a high of $111,862, according to LSEG. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2025 07:07 ET (11:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}