Standard Chartered: Bitcoin and Ethereum prices may fall due to market pressure
Standard Chartered analyst Geoff Kendrick warned that due to weak investor risk appetite and signs of a slowdown in the US economy, Bitcoin and Ethereum prices may decline. According to NS3, the market expects the Federal Reserve to delay rate cuts until June, which increases market pressure. A decrease in spot ETF holdings further exacerbates bearish sentiment, with BTC potentially falling to $50,000 and ETH possibly dropping to $1,400.
BTCUSDT
Perp
66,019.2
-1.98%
ETHUSDT
Perp
1,934.64
-0.84%
BNBUSDT
Perp
612.58
+0.05%