Standard Chartered Predicts Bitcoin Drop to $50K, Ether to $1.4K

Standard Chartered anticipates a decline in Bitcoin and Ether prices, with projections of $50,000 and $1,400 respectively before a potential recovery.

Standard Chartered, a prominent financial institution, has issued a revised forecast concerning the cryptocurrency market. The bank now expects Bitcoin to dip to $50,000 and Ether to decrease to $1,400 before any signs of recovery emerge.

In addition to its updated predictions for Bitcoin and Ether, Standard Chartered has also adjusted its price targets for several other cryptocurrencies, including Solana, XRP, BNB, and Avalanche.