Bitcoin is currently struggling below the $50k level, but market experts are confident that it could touch the $100,000 region in the coming months. Several industry experts have touted $100k as the next level for BTC after the cryptocurrency set a new all-time high above $64k earlier this year.
A new report by the cryptocurrency research team at British bank Standard Chartered predicted that BTC could hit the $100k level soon. The research team said Bitcoin’s move to $100,000 could also trigger further price surges in Ether.
At the moment, Ether is trading above the $3,500 level. However, the researchers stated that the second-largest cryptocurrency by market cap would reach the $35,000 level in the medium term. This means that Ether is set to move by more than ten times its current trading price.