Standard Chartered Calls Crypto Bottom As Bitcoin Price Recovers From $59,000 Low
Standard Chartered’s head of digital asset research, Geoff Kendrick, declared Friday that the crypto market has seen its cycle low, with Bitcoin’s recent dip to approximately $59,000 marking the bottom of the latest downturn — a 53% drawdown from its October all-time high of $126,000. “Winter is over. Welcome back to crypto spring,” Kendrick wrote...
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