Bitcoin saw a surge in trading around $92,000 after the recent Fed decision, but gave back some gains. Analysts recalibrate expectations for crypto amid recent volatility, with the Fed now influencing the future of the world’s largest cryptocurrency. Standard Chartered cuts its bitcoin price target, but remains bullish in the short-term.

Standard Chartered reduces year-end bitcoin target to $100,000 from $200,000, and 2026 target to $150,000 from $300,000. The firm views recent price action as “normal” and anticipates a return to new highs in the future, albeit at a slower pace. Crypto market seeks buyers, with ETFs playing a key role.

Big digital asset treasury companies continue to buy, with Strategy adding 10,000 bitcoin to its stockpile, while Bitmine Immersion Technologies acquires 138,452 ether. Twenty One Capital, majority owned by Tether, enters public markets through a merger. Chief Jack Mallers aims to acquire more bitcoin for the company.

Read more at Yahoo Finance: Bitcoin’s Price Is Still Off Its Highs. Did The Fed’s Latest Interest-Rate Cut Help?