Standard Chartered Says Crypto Winter Has Bottomed as BTC Revives
Standard Chartered believes that the cryptocurrency market may finally be moving past one of its toughest periods. After months of falling prices and weak investor confidence, the bank says Bitcoin may have already reached the lowest point of the current market cycle. This has raised hopes that the long crypto winter could be coming to an end. According to Geoffrey Kendrick, Standard Chartered’s Global Head of Digital Assets Research, Bitcoin likely found its cycle bottom when its price dropped to around $59,000. That decline represented a significant fall from its previous peak, but the bank believes it may have marked…