Standard Chartered issued a disturbing Bitcoin price forecast, urging investors to brace for "more pain." According to the bank,
$BTC Bitcoin could fall to $50,000 in the coming weeks as sentiment continues its bearish spiral.
Geoffrey Kendrick, the bank's global head of digital assets research, also flagged that
$ETH Ethereum could dip toward $1,400 alongside Bitcoin's decline, per the latest crypto market news today.
Elsewhere in crypto, investors are piling into Pepeto for its explosive presale math despite the project still being in its accumulation phase. Pepeto has demonstrated clear value by offering live meme trading infrastructure to retail investors. The presale sits at $0.000000184 with over $7 million already committed.
Standard Chartered predicts Bitcoin crash to $50K and
$ETHFI Ether drop to $1.4K.
According to the crypto market updates today, Standard Chartered's Geoffrey Kendrick shared that Bitcoin could drop over 26% to trade around $50,000 in the coming months. Kendrick also predicted that Ether may fall over 30%, pushing its price to $1,400.
This bearish outlook echoes the negative sentiment sweeping the market after over $2 trillion in value was erased. Bitcoin trades near $67,400, down over 47% from its October high of $126,000. The Fear and Greed Index sits at 8, matching levels last seen during the FTX collapse.
Crypto market news today: Traders are targeting these tokens for major gains.
Pepeto's live infrastructure fuels FOMO as investors eye 300x.
Traders are rotating out of bleeding majors after Standard Chartered's grim forecast. One of the destinations attracting the heaviest inflow is Pepeto ($PEPETO).
#BTC☀ #ETH #ETHETFS #TodayMarketAlert