Standard Chartered Predicts Bitcoin to Drop Before Rebounding

Standard Chartered forecasts Bitcoin's decline to $50K and Ethereum's fall to $1,400 before recovery. The long-term outlook remains bullish.

According to a recent analysis by Standard Chartered, the cryptocurrency market is poised for volatility in the short term. The bank forecasts that Bitcoin may plummet to around $50,000 and Ethereum could drop to approximately $1,400 before staging a recovery.

Despite these anticipated downturns, Standard Chartered maintains a positive long-term perspective, projecting that Bitcoin could reach $100,000 and Ethereum might soar to $4,000 by the conclusion of 2026. This outlook reflects the bank’s belief in the resilience and future growth potential of both cryptocurrencies.