Introducing the US Morning Crypto News Briefing, your go-to source for the latest updates in the crypto world for the upcoming day.

Sit down with your favorite coffee as industry experts share insights on the future of Bitcoin amid increased interest from institutional investors. The landscape is changing, with gold no longer being the sole refuge during times of economic uncertainty.

Standard Chartered bank predicts a significant rally for Bitcoin, forecasting a price target of $120,000. Recent analysis shows that Bitcoin's price is following a positive trajectory, aiming for a potential 20% uptick to reach $102,239. The market sentiment is optimistic, buoyed by Bitcoin's potential to thrive amidst global trade tensions and market volatility triggered by US tariffs.

Market analysts are foreseeing a revaluation of Bitcoin, thanks to its growing liquidity and global appeal, signaling a shift away from traditional dollar-dependent assets. Standard Chartered's Head of Digital Asset Research, Geoff Kendrick, predicts a surge in Bitcoin's value akin to the post-US election rally in 2024, eyeing a price target of $120,000 in Q2.

The bank notes that Bitcoin's performance is surpassing gold, particularly evident in the divergence between Bitcoin and gold ETF inflows. This indicates a strong preference for Bitcoin as a hedge compared to gold, reflecting a broader trend of reallocating assets away from the US market.

Standard Chartered remains bullish on Bitcoin, setting a high target of $200,000 by the end of the year. The bank's long-term forecast predicts Bitcoin to hit $500,000 by 2028. Market data shows increased investor interest and volatility in Bitcoin ETFs compared to Gold ETPs, further supporting the positive outlook for Bitcoin.

In a nutshell, the crypto market is showing promising signs for investors, with Bitcoin poised for substantial growth and outperforming traditional assets like gold.