next all-time high may be just days away. Standard Chartered analyst Geoff Kendrick said the flagship crypto token looks set to surpass its $109,000 price record within the next week, and between February and March, its price could reach as high as $130,000. Cryptocurrency prices have wavered after Donald Trump's inauguration, a day that investors hoped would bring a flurry of .

Excessive bullishness prompted Kendrick to warn about a , and though Trump did sign a crypto executive order last week, Kendrick didn't think it satisfied industry expectations. But with the and the Federal Reserve , uncertainties that have been generating headwinds for the crypto have ebbed, the banks' global head of digital assets research said. Even Monday's massive equity wipeout offers bitcoin a silver lining, clearing a path toward growth.

After a new, tool was announced by a Chinese startup, US tech stocks plunged. The fiasco liquidated $1.1 billion of long bitcoin positions on futures exchanges over a few days, though the crypto market largely withstood the sell-off.

"Market positioning is a lot cleaner as a result, and for what it's worth, if cheaper AI lowers inflation (at the margin), then risk assets, like BTC, that have nothing to do with AI should benefit," he said. With risks fading for now, momentum looks to be building again for bitcoin. Although Trump's order may have disappointed those who had been hoping for the announcement of a , other countries may be coming around to the idea.

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