Standard Chartered is finally slashing its bitcoin price target by half. Here’s why.
Standard Chartered's downward revision signals weakened bullish sentiment, similar to past revisions affecting prices.
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Standard Chartered's downward revision signals weakened bullish sentiment, similar to past revisions affecting prices.
What happened, with direct paths to the underlying reporting
Standard Chartered expects BTCUSD to end 2024 at $100,000. Year-end forecasts for 2026 and beyond have been halved. BTCUSD is down 26% from its October 6 peak of $126,273. ETFs and digital asset treasuries are key to BTCUSD's demand. BlackRock's ETF has seen six consecutive weeks of outflows.
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