Standard Chartered Predicts Bitcoin Drop to $50,000

Standard Chartered has forecasted a decline in Bitcoin’s price to $50,000 and Ethereum’s to $1,400 in the near term. The bank attributes this potential downturn to outflows from cryptocurrency exchange-traded funds (ETFs) and broader macroeconomic pressures. This prediction comes as the crypto market faces increased volatility and regulatory scrutiny, impacting investor sentiment and market dynamics.