Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, has expressed renewed confidence in his long-term prediction that Bitcoin (CRYPTO: BTC) will reach $200,000 by the end of 2025,

US stocks tumbled, bitcoin plunged, and the Wall Street fear gauge reached its highest level as concerns regarding US President Donald Trump's economic policy resulted in widespread market selloff on Monday,

Bitcoin tumbled below $79,000 on Monday, extending its Sunday decline as fears of a recession loom. The cryptocurrency sank about 5% over the past 24 hours, and was trading at around $78,527 midday, marking a more than 13% decline over the past five days.