Standard Chartered projects Bitcoin to fall to USD 50k, and Ethereum to fall to USD 1.4k in the "next few months"; cuts its year-end forecast to USD 100k (prev. saw 150k), year-end Ethereum forecast to USD 4k (prev. USD 7.5k)
Newsquawk Staff ·
Standard Chartered projects Bitcoin to fall to USD 50k, and Ethereum to fall to USD 1.4k in the "next few months"; cuts its year-end forecast to USD 100k (prev. saw 150k), year-end Ethereum forecast to USD 4k (prev. USD 7.5k)
What it means
Standard Chartered's revised forecasts signal a bearish outlook for Bitcoin and Ethereum, projecting significant declines in both cryptocurrencies over the next few months. This adjustment reflects broader concerns in the crypto market and could impact risk sentiment across other asset classes, particularly if traders adjust their positions in response to these forecasts.
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