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Standard Chartered sees bitcoin at $100,000 by year-end, eyes U.S. long-term Treasury buybacks

Bitcoin has recovered to around $69,000, and Standard Chartered has raised the possibility it could rise to $100,000 by year-end. Analyst Geoffrey Kendrick said an expansion of U.S. Treasury buybacks of long-term bonds could improve market liquidity and support bitcoin. He cited $65,500 as a key level and said staying above it could signal a cycle low is in place. The expanded buyback program runs from Sept. 9 to Nov. 4.