Bitcoin & Ether on Edge — Is a Deeper Crash Coming?
Bitcoin and Ether could face further downside as risk appetite weakens. Standard Chartered’s Geoff Kendrick warns that a softening U.S. economy and fading expectations of Fed rate cuts before June are pressuring markets. On top of that, declining digital-asset ETF holdings are adding more weight to the downside.
Kendrick sees Bitcoin potentially dropping toward $50,000 and Ether toward $1,400.
$BTC recently traded around $67,869 after hitting a 16-month low of $60,008 last week. $ETH was near $1,984, after touching a nine-month low of $1,751.
Macro pressure is real. Liquidity matters.
If risk stays off, crypto won’t be immune.
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