1150 GMT - Bitcoin is likely to reach new all-time highs in the second half of this year as flows from bitcoin exchange traded funds and corporate treasury buying rise, Standard Chartered's Geoff Kendrick says in a note. These flows totalled $245,000 in the second quarter and could exceed that level in the third and fourth quarters, he says. Bitcoin would also rise if President Trump announces Federal Reserve Chair Jerome Powell's replacement early as it could prompt markets to price in more interest rate cuts sooner. The potential passage of the U.S. stablecoin bill would also support bitcoin. StanChart expects bitcoin to rise to $135,000 in the third quarter and $200,000 by year-end. It last trades up 1.7% at $107,790. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 02, 2025 07:50 ET (11:50 GMT)
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