Welcome to another edition of Crypto NFT Today!The last two weeks have been packed with significant events that could shape the future of blockchain, cryptocurrency, and NFTs. With Bitcoin projected to reach $200, 000 by 2025, along with updates on Block’s Bitkey Bitcoin wallet and more, there’s a wealth of critical news you’ll want to be aware of. So, let's delve into what's going on! Bitcoin Predicted to Reach $200, 000 This Year Standard Chartered’s optimistic crypto analyst continues to forecast that Bitcoin's value might soar to $500, 000 during Donald Trump’s presidency, even after a recent sell-off has led the cryptocurrency to a three-month low. Geoffrey Kendrick, who oversees digital assets research at Standard Chartered, shared with CNBC that he expects Bitcoin to reach $200, 000 this year, with more increases anticipated in the years to come. “To advance in the crypto ecosystem, we truly need traditional financial institutions—like Standard Chartered, BlackRock, and others with ETFs—to get involved, ” Kendrick mentioned during an interview on CNBC’s Squawk Box Europe on Thursday. Recently, Block’s Bitkey self-custody Bitcoin wallet has launched an inheritance feature that allows users to appoint a beneficiary for their Bitcoin holdings, providing an easy way to pass on the digital currency in case of death.

This feature was officially introduced on Wednesday. Karsh highlighted that with many other Bitcoin storage options, beneficiaries are often required to submit extensive legal documentation. Moreover, hardware wallets usually necessitate users to keep seed phrases in ways that could put their Bitcoin at unnecessary risk. Bitcoin Dips Below $90, 000 Bitcoin has fallen under the $90, 000 threshold, driven by sell-offs in the equity market as the crypto sector anticipates its next big event. As per Coin Metrics, Bitcoin's price has declined by 6%, bringing it to $88, 333. 09. Earlier, it had dropped to $85, 899. 99, marking its lowest value since November. This Tuesday’s decline leaves the leading cryptocurrency nearly 20% below its all-time high reached on President Donald Trump’s inauguration day. Bybit Recovers After Major Hack Bybit has announced it has replenished its reserves after suffering a $1. 5 billion hack last week, marking it as the largest breach in the history of the crypto sector.