Standard Chartered: Bitcoin may fall to $50000, Ethereum may fall to $1400

Geoff Kendrick from Standard Chartered Group stated in the report that continued weak risk appetite could lead to continued declines in Bitcoin and Ethereum in the coming months. He pointed out that the weakening of the US economy and market expectations that the Federal Reserve will not cut interest rates before June have made the risk background more challenging, while the holdings of digital asset ETFs have decreased. He predicts that Bitcoin may fall to $50000 and Ethereum may touch $1400. According to data from the London Stock Exchange, Bitcoin hit a 16 month low of $60008 on Friday and was latest at $67869, while Ethereum hit a nine month low of $1751 on Friday and was latest at $1984.