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Standard Chartered sees bitcoin falling to $50,000, ether to $1,400 before rebound

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TL;DR:

The bank has also lowered price targets for Solana, XRP, BNB, and Avalanche, in addition to bitcoin and ether.

Key Points:

  • Standard Chartered sees bitcoin sliding to $50,000, ether to $1,400 before recovery - CoinDesk
  • Story reported by 3 sources including Standard Chartered sees bitcoin falling to $50,000, ether to $1,400 before rebound
  • Involves BTC, ETH cryptocurrencies

    • Background:

    Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.

    Why It Matters:

    This development could influence BTC price action and market sentiment in the near term.