Standard Chartered Bank Reiterates Bullish Bitcoin Price Target of $200,000, Concerns About Federal Reserve Independence to Fuel Upside
On April 22nd, Jeff Kendrick, an analyst at Standard Chartered Bank, stated that if concerns regarding the independence of the Federal Reserve continue, Bitcoin may reach a new all-time high. Due to its decentralized ledger, cryptocurrency acts as a hedge against risks in the existing financial system. The risk in U.S. Treasuries was emphasized when President Trump hinted at removing Federal Reserve Chairman Powell because of his desire for rate cuts. The premium on the yields of long-dated Treasuries over short-dated ones soared, which benefited Bitcoin. Bitcoin rose to a six-week high of $90,459. Standard Chartered Bank still forecasts that by the end of 2025, the price of Bitcoin will rise to $200,000. (FX678)
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Gravity G token stakers are now able to claim the $FARE token airdrop. The Gravity G staking ecosystem has integrated GLayer ($GDEFAI), and G token stakers can receive $GDEFAI token airdrop rewards.
On April 22nd, eligible $G Staking Users can now go to the Gravity G Staking page today to claim $FARE tokens. The airdrop claim window will close at 12:00 UTC on May 12, 2025. The Gravity G Staking ecosystem completed the Fareplay ($FARE) token airdrop snapshot at 12:00 UTC on March 16, 2025.
Recently, the Gravity ecosystem launched the latest G token staking airdrop project, GLayer ($GDEFAI). The total airdrop token reward available to G token stakers is 5,000,000 $GDEFAI, aiming to introduce AI into the Gravity ecosystem through DeFAI Smart Agents and AI partners.
Gravity will calculate the airdrop reward amount that users can claim based on their staking holdings at the snapshot time. Official details regarding the claim rules and specific airdrop timing have not been released yet. Users are advised to stay tuned for further updates to obtain the latest information.
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Greeks.Live: Crypto Community Cautiously Bullish, Some Bears Shift to Bitcoin Spot Layout
On April 22nd, the analyst Adam from Greek.Live posted on social media, saying, "The crypto community is showing a cautious bullish sentiment. Some traders think that after Bitcoin breaks through $90,000, the next target will be $93,000 or $100,000. However, some traders are still worried about market weakness and are focusing on the potential retracement to the $84,000 support level or even $74,000 before a significant uptrend. Despite the current price volatility, the volatility has not increased, which makes it difficult to hold a bearish options position. Some traders who previously held short positions have begun to shift to buying Bitcoin in the spot market."
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European Central Bank President: Powell Will Not Be Removed, Holds Him in Great Respect
On April 22nd, the President of the European Central Bank, Lagarde, stated in an interview that both Powell and she are accustomed to political pressure. She has great respect for them and believes that Powell will not be dismissed. Regarding the economic situation, Lagarde stated that tariffs have a negative impact on economic growth. The European Central Bank will rely heavily on data performance in its decision-making. There is room for negotiation between Europe and Trump. It is expected that the inflation rate will reach the ECB's 2% target by 2025, and economic growth faces downside risks. (FXStreet)
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MoonPay, a cryptocurrency payment infrastructure, may be launching a stablecoin product.
On April 22nd, as reported by CoinDesk, Ivan Soto-Wright, the CEO of the crypto payment infrastructure company MoonPay, asserted that cryptocurrency wallets will ultimately replace traditional bank accounts. Presently, MoonPay is progressing in a non-custodial and API-first direction, with the intention of offering developers Stripe-like plug-and-play infrastructure. In January of this year, MoonPay acquired the Solana-based crypto payment processor Helio for approximately $175 million. Soto-Wright disclosed that the company might launch a stablecoin product in the future.
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Bitcoin Reclaims Eighth Place in Global Asset Market Cap
On April 22nd, based on 8marketcap data, Bitcoin has overtaken the Vanguard Total Stock Market ETF and regained the eighth position in the global asset market cap ranking. The current market cap of Bitcoin is $1.791 trillion, with a 7-day growth rate of 5.4%.
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