Standard Chartered Says This Could Be The Week Everything Changes For Bitcoin

What Happened

In the same tone, the USD-CNH pair has fallen to near year-to-date lows, signaling a stronger yuan and renewed confidence in global trade stability. This easing tension has, in turn, fueled a rebound in Bitcoin’s correlation to risk appetite, as investors rotate away from defensive positions.

For Kendrick, the coming days may mark a critical turning point for Bitcoin and how investors interpret its long-term cycle. He pointed out that over $2 billion exited US gold ETFs last week, suggesting an appetite shift that could soon favor Bitcoin.

He also hinted that growing speculation over the next Fed Chair could prove “Bitcoin positive” if it raises concerns about central bank independence.

Market Context

Grab a coffee because this week could quietly redefine the tone of the entire market. Between shifting US-China trade winds, a looming Fed decision, and Bitcoin’s tightening grip above six figures, the mood feels different — almost expectant.

This could be one of those weeks where the market quietly shifts from uncertainty to conviction.

According to Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, a wave of surprisingly positive US-China developments has turned market sentiment “from fear into hope.”

Details of this potential deal will be finalized after the Trump-Xi meeting in Korea later this week. The news has already rippled through the markets, with Bitcoin benefiting from the positive sentiment.

“This week is about to be pure chaos…the government shutdown is about to hit day 30. The Fed decides rates on Wednesday. Powell speaks right after, during a data blackout. Then, we’ve got Microsoft, Apple, Google, Meta, and Amazon, all reporting earnings. That’s $15.2 trillion in market cap dropping numbers in the same week. And just when you think it’s over… Trump meets President Xi on Thursday, 48 hours before his 100% tariff deadline. Buckle up. This week could move everything,” Mario Nawfal corroborated.

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Why It Matters

Kendrick highlighted that US Treasury Secretary Bessent signaled an imminent breakthrough over the weekend. He indicated that China is expected to suspend rare earth export controls for a year and increase soybean purchases from the US in exchange for Washington dropping its threatened 100% tariffs.

“The Bitcoin-gold ratio, highlighted last week, continues to push higher,” Kendrick wrote, noting that it now sits just above levels seen before the tariff scare earlier this month. “I’ll watch for this ratio to break back above 30 to signal an end to such fear.”

The Week That Could Redefine Bitcoin’s Future

The broader setup looks equally intriguing. Wednesday’s FOMC meeting is expected to deliver a 25 basis-point rate cut, despite the Fed operating in what Kendrick described as a “data blackout.”

“ETF flows matter more now…If this week goes well, Bitcoin may never go below $100,000 again,” he said.

This statement echoes remarks highlighted in a recent US Crypto News publication. Whether or not that prediction holds, this week’s mix of diplomacy, data, and digital gold could prove decisive for the next phase of Bitcoin’s story.

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Details

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Crypto News of the Day: Standard Chartered Says the Week That Decides If Bitcoin Ever Falls Below $100,000 Again Has Begun

“It would confirm a more positive backdrop if even half of that re-entered Bitcoin ETFs early this week,” he noted.

Add to that, the looming earnings releases from five of the ‘Magnificent Seven’ — Microsoft, Meta, Google, Apple, and Amazon — and the macro calendar looks loaded with catalysts.

Kendrick argues that a fresh Bitcoin all-time high would serve as the “death knell” for those still clinging to the halving cycle as the primary driver of BTC’s value.

Chart of the Day

Byte-Sized Alpha

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