Standard Chartered Calls Crypto Bottom as Bitcoin Price Recovers From $59,000 Low

Standard Chartered's head of digital asset research, Geoff Kendrick, declared the crypto market has hit its cycle low as Bitcoin recovered from a $59,000 dip, a 53% drawdown from its $126,000 peak. The bank maintains a $100,000 Bitcoin price target by year-end, citing reduced selling pressure post-SpaceX IPO and potential geopolitical easing between the U.S. and Iran as key catalysts.