Bitcoin News
By Bruce Buterin
1 / 15
Standard Chartered delivers a grim prediction. Bitcoin could plunge to $50,000, according to Geoff Kendrick, their head of crypto research.
2 / 15
Kendrick sees a bleak outlook due to the U.S. economic slowdown and diminishing hopes for rate cuts. The Fed is less generous than expected, weighing heavily on cryptocurrencies.
3 / 15
Ethereum isn't spared from the carnage. Kendrick predicts it will drop to $1,400 before stabilizing.
4 / 15
Bitcoin is currently hovering around $67,869, far from its weekly low of $60,008. The bank has slashed its year-end forecasts by a third, lowering the 2026 target to $100,000…
5 / 15
The current correction is already causing significant damage. Bitcoin has lost up to 50% since its peak in October 2025, with a dramatic low on February 5.
6 / 15
Interest rates remain a major hurdle for cryptocurrencies.
7 / 15
Markets have pushed back their expectations for Fed easing. Investors now see a first rate cut later in the year, not before.
8 / 15
ETF flows are a serious concern for Standard Chartered. Bitcoin holdings in ETFs have shrunk by nearly 100,000 BTC since their peak in October 2025.
9 / 15
Despite this downward revision, the bank maintains a positive long-term outlook. Kendrick notes that blockchain usage data continues to improve.
10 / 15
Last December, Standard Chartered had already halved its forecasts. Bitcoin at $100,000 by the end of 2025 and $150,000 by the end of 2026, while keeping a wild target of…
11 / 15
The bank then cited the decline in corporate treasury demand and the slowdown in ETF flows. Geoffrey Kendrick had stated that corporate accumulation had "run its course," leaving…
12 / 15
Bitcoin is currently trading near $67,000 according to Bitcoin Magazine Pro. CoinMarketCap data shows that transaction volume fell by 20% in February compared to the previous…
13 / 15
Kendrick also mentioned the impact of Chinese economic developments on market instability. Government restrictions on crypto transactions create notable disruptions, influencing…
14 / 15
On February 10, 2026, Janet Yellen reaffirmed during a press conference that any decision on rates would be made cautiously.
15 / 15
JPMorgan released a report on February 15 with forecasts similar to Standard Chartered. They anticipate critical support around $55,000 for Bitcoin, due to increased volatility…
The Currency Analytics
Want the full story?