Standard Chartered Sees Crypto Winter Ending as Bitcoin Finds Cycle Bottom

Standard Chartered believes the worst of the current cryptocurrency downturn may already be over, arguing that Bitcoin (COIN:BTCUSD) established its cycle low when it briefly fell to $59,000, representing a 53% drop from its $126,000 peak. According to Geoffrey Kendrick, the bank's Global Head of Digital Assets Research, several near-term developments could help validate the view that the market is beginning a new recovery phase. Source: https://uk.finance.yahoo.com/news/standard-chartered-sees-crypto-winter-105200684.html