‘The low is almost in’: Standard Chartered says bitcoin bottom near after tough week for crypto
60-second summary
Standard Chartered analysts assert that bitcoin's low is "almost in" following a tumultuous week for crypto, driven by resilient exchange-traded fund holdings and anticipated strategic buybacks. This optimistic outlook suggests a potential rebound, with investors cautiously optimistic about the market's trajectory. Market participants are closely monitoring developments for a potential turnaround.
Standard Chartered said bitcoin's low is "almost in," citing resilient ETF holdings and likely Strategy buybacks after a painful week for crypto.