Bitcoin 
$98,182 saw a rapid increase, surpassing $75,000 immediately after the U.S. elections and quickly exceeding $81,000. Geoff Kendrick, Head of Foreign Exchange and Digital Asset Research at Standard Chartered, noted that this surge could lead to new record highs.
Bitcoin’s Rise May Propel Altcoins
Kendrick anticipates that Bitcoin’s momentum will positively influence other cryptocurrencies. He highlights the potential for Solana 
$198 to deliver strong performance before year-end, suggesting that a general movement within the altcoin market is expected, led by Solana.
According to Kendrick, Bitcoin could reach $100,000 by December 27. He states, “If it does not reach my year-end target of $125,000 by December 31, we might see that level by January 20 at the latest.”
Solana and Ethereum Also Expected to Rise
The rise of Bitcoin may also positively impact major cryptocurrencies like Solana and Ethereum 
$3,468. However, Kendrick believes Solana will demonstrate the best performance this year.
Additionally, Kendrick indicates that if the Republican Party gains control of both houses of the U.S. Congress, the global cryptocurrency market has the potential to grow by 300% over the next two years. Kendrick predicts growth opportunities in sectors such as gaming finance, tokenization, and decentralized infrastructure due to friendlier regulations under a Trump administration.
Kendrick states, “Looking at use cases, we expect expansion particularly in gaming and tokenization. With the acceptance of digital assets, we also see potential for development in decentralized infrastructure and socially-focused subcategories.”
The Crypto Market Could Reach a Total Value of $10 Trillion
If Kendrick’s predictions come true, the total value of the crypto market could rise from its current $2.7 trillion to $10 trillion by the end of 2026. This growth is expected to accelerate innovations within the crypto industry and gain widespread acceptance across various sectors.
The performance of cryptocurrencies like Bitcoin and Solana could support overall sector growth and introduce new investment opportunities. Market participants are closely monitoring these developments.
