A Standard Chartered analyst said Bitcoin’s recent drop below $60,000 may have marked the low point for the latest crypto selloff.
Original market reporting from the FXMARE News Desk, produced under the FXMARE editorial policy. It reports facts only and is not investment advice.
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.
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