Standard Chartered sees bitcoin (BTC) sliding to $50,000, ether (ETH) to $1,400 before recovery

Standard Chartered has lowered its short-term and full-year price forecasts for major cryptocurrencies, anticipating further near-term capitulation driven by ETF outflows and challenging macro conditions. The bank now expects Bitcoin (BTC) to fall to approximately $50,000 and Ether (ETH) to bottom near $1,400 in the coming months. Geoff Kendrick, head of digital assets research, noted that many ETF investors are sitting on losses and are more likely to reduce exposure than buy dips. Consequently, the year-end target for Bitcoin was cut from $150,000 to $100,000, and Ether's from $7,500 to $4,000. Despite the expected downturn, the bank suggests this drawdown is less severe than previous cycles, noting the absence of major platform collapses like in 2022, indicating market maturation. Kendrick maintained long-term 2030 targets of $500,000 for Bitcoin and $40,000 for Ether, as structural drivers remain intact.

(Source：CoinDesk)