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News Explorer — Standard Chartered Warns Bitcoin Could Fall to $50,000

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May 1, 10:05 am
The Block

Standard Chartered Warns Bitcoin Could Fall to $50,000

Standard Chartered Bank predicts that Bitcoin's drop below $60,000 could lead to further declines, with a potential range of $50,000 to $52,000. Concerns include consecutive outflows from U.S. spot Bitcoin ETFs and a poor response to the launch of spot Bitcoin and Ether ETFs in Hong Kong. Broader macroeconomic trends, such as deteriorating liquidity measures, are also impacting Bitcoin's price dynamics.

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