Standard Chartered says crypto's cycle low is likely in, arguing that Bitcoin's drop to roughly $59,000 marked the bottom and that easing IPO-related selling pressure, improving macro conditions, and renewed institutional demand could pave the way toward its $100,000 year-end target.
Standard Chartered's Geoff Kendrick argues Bitcoin's sharp decline—driven by Strategy's surprise sale, ETF outflows, and liquidations—may be nearing a bottom.
Bitcoin price surged to $115,000 today, rising over 1% in 24 hours, as optimism over easing U.S.–China trade tensions and renewed investor appetite for risk assets lifted global markets.
Standard Chartered has officially launched spot Bitcoin trading for institutional clients through its UK branch, according to a press release sent to Bitcoin Magazine....