Standard Chartered: Bitcoin Will Rise Amid Federal Reserve Concerns
On April 22, 2025, Standard Chartered Bank announced that Bitcoin might reach a new all-time high due to concerns about the Federal Reserve’s independence.
This was echoed by Crypto Rover on social media, reflecting growing sentiment in the financial community. Following the announcement, Bitcoin surged from $65,000 to $68,000 within an hour, reported by CoinDesk at 10:30 AM EST.
Trading volumes on major exchanges like Binance and Coinbase increased by 25%, as per CoinMarketCap data at 11:00 AM EST, indicating heightened interest and potential market volatility.
The implications of Standard Chartered’s statement are significant, with Bitcoin’s immediate price rise suggesting a strong market reaction.
This sentiment was mirrored in other cryptocurrencies: Ethereum climbed from $3,200 to $3,350, and Cardano rose from $0.55 to $0.60, according to CoinGecko at 11:00 AM EST.
