Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee and breathe as markets edge into another pivotal moment for Bitcoin (BTC). Some traders brace for a brief stumble below $100,000, while others prepare to buy what could be the final major dip before the next wave of momentum builds
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Crypto News of the Day: Standard Chartered Watches Gold Flows, Liquidity, and Technicals for Bitcoin’s Next Big Turn
Geoff Kendrick, Head of FX and Digital Assets Research at Standard Chartered, believes a short-lived decline below $100,000 is likely for the Bitcoin price. However, he says this could mark the last time Bitcoin ever trades at that level.
He said the potential dip could provide a final entry point before a renewed bull phase. According to Kendrick, three key forces will determine when Bitcoin turns higher:
- Gold versus Bitcoin flows,
- Liquidity indicators, and
- Technical support levels.
Kendrick pointed to a notable pattern between gold and Bitcoin, saying Tuesday’s sharp gold selloff coincided with a strong intra-day bounce in Bitcoin. Kevin Rusher, founder of RAAC, ascribed the selloff to profit-taking, anticipating a prolonged period of price consolidation.
Nevertheless, Rusher says even if the price of gold flatlines, the precious metal will continue to provide risk management and diversification benefits in portfolios.
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Meanwhile, Kendrick expects more of this rotation to unfold in the medium term, viewing it as constructive evidence of a market bottom forming.
The second factor he’s tracking is liquidity. According to Geoff Kendrick, several measures have mostly been getting tighter, referring to financial conditions that may be constraining risk appetite.
He says the key question is when the US Federal Reserve will consider these conditions “tight” enough to react. This could mean acknowledging the strain or halting its ongoing quantitative tightening (QT) program.
Any sign of easing or a shift in tone could be a major catalyst for Bitcoin and other risk assets. On the technical side, Kendrick emphasized the resilience of Bitcoin’s long-term trend.
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He implied that the level remains a critical zone of support and investor confidence. For 2025, however, Standard Chartered said Bitcoin could reach $200,000 by the end of Q4, as a recent US Crypto News publication reported.
With Bitcoin hovering near historic highs and market volatility intensifying, Kendrick’s outlook captures the mood of cautious optimism spreading across institutional desks.
The next few weeks could define whether the long-awaited liquidity shift finally launches the pioneer crypto into uncharted territory.
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Chart of the Day
Bitcoin and Gold Price Performances. Source: TradingViewByte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
Crypto Equities Pre-Market Overview
| Company | At the Close of October 22 | Pre-Market Overview |
| Strategy (MSTR) | $280.81 | $287.66 (+2.44%) |
| Coinbase (COIN) | $320.33 | $324.80 (+1.40%) |
| Galaxy Digital Holdings (GLXY) | $37.34 | $38.19 (+2.28%) |
| MARA Holdings (MARA) | $19.15 | $19.46 (+1.62%) |
| Riot Platforms (RIOT) | $18.99 | $19.29 (+1.58%) |
| Core Scientific (CORZ) | $17.80 | $18.29 (2.75%) |
Source: https://beincrypto.com/standard-chartered-bitcoin-100k-us-crypto-news/
