Standard Chartered Predicts Bitcoin to Drop to $50K, Ether to $1,400

Standard Chartered has adjusted its cryptocurrency price projections, foreseeing Bitcoin's value declining to $50,000 and Ether dipping to $1,400. These changes come as the bank warns of a possible further downturn in the near future due to pressures from ETF outflows and broader macroeconomic challenges impacting digital assets.

The latest predictions reflect the bank's cautious stance on the crypto market, which has been facing significant headwinds lately. As investors react to these developments, Standard Chartered's insights shed light on potential future market dynamics and the resilience of cryptocurrencies.