Standard Chartered on Bitcoin, with the crypto below its three-month low under $90,000
Standard Chartered predicts further declines
- Despite holding up relatively well, bitcoin is being affected by a broader crypto market selloff, partly fueled by Solana’s meme coin activity.
- Analysts at Stan Chart Kendrick anticipate a near-term drop of around 10%, bringing bitcoin into the low $80,000s
- Although a decline in U.S. Treasury yields could eventually support bitcoin’s recovery, warns that it’s not the right time to buy, especially with bitcoin ETFs potentially facing larger outflows.
