A Standard Chartered market analyst said Bitcoin may have already bottomed after slipping to around $59,000, framing the move as a possible end to the latest crypto downturn.
The view, reported by CoinDesk and Decrypt, comes from Geoffrey Kendrick, who said the recent decline below $60,000 could mark the low point for the market.
Kendrick pointed to two possible factors behind the shift: a potential SpaceX IPO and the possibility of a U.S.-Iran peace deal.
Both reports described the call as a sign that the recent crypto selloff may have run its course, although it was presented as an analyst opinion rather than a confirmed market turning point.