This bank just halved its bitcoin price target down from $200,000. Here’s why.

Bitcoin on Tuesday was trading 26% below its October record high. - Getty Images As bitcoin edged higher Tuesday, Standard Chartered said it now expects the cryptocurrency to end the year higher at 100,000.Thatsstillahalvingofitspreviousyearendtargetof100,000. That’s still a halving of its previous year-end target of 200,000, which was issued in June 2024. The bank also halved its bitcoin forecast for year-end 2026 to 150,000,from150,000, from 300,000, and lowered its year-end projections through 2029. But it still expects bitcoin BTCUSD can reach $500,000 in 2030, ...