Standard Chartered has issued a cautious short-term outlook for the cryptocurrency market, warning that the current correction may have further to run. Analysts at the bank predict that Bitcoin (BTC) could drop to the $50,000 level, while Ethereum (ETH) might see a more significant decline toward $1,400 before a recovery takes place. The report cites a combination of cooling inflows into spot Bitcoin ETFs, broader macroeconomic uncertainty, and a lack of immediate catalysts as the primary drivers for the potential price dip. Regarding Ethereum, the bank noted that the shifting sentiment around the likelihood of a spot ETH ETF approval in the United States has contributed to its relative underperformance. However, the analysts clarified that this projected downturn is likely a ‘shakeout’ rather than a long-term trend reversal. Standard Chartered remains structurally bullish, suggesting that after reaching these local bottoms, both assets are positioned for a massive rebound, with the bank maintaining its year-end price targets as liquidity conditions are expected to improve in the second half of the year.
Source: Bitcoin Will Fall to $50K and Ethereum Will Hit $1,400 Before Rebound: Standard Chartered
コメント