Standard Chartered forecasts bitcoin to fall to $50,000, Ethereum to $1,400
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Standard Chartered on Thursday forecast bitcoin would fall to $50,000 and Ethereum would drop to $1,400 in "next few months" before the current slump in crypto markets bottoms out and a rebound begins.
The bank also slashed its year-end forecast for bitcoin
BTCUSD
to $100,000 from $150,000 and its Ethereum
ETHUSD
one to $4,000 from $7,500.Bitcoin currently trades at around $67,650 having lost roughly a third of its value since October, while Ethereum trades at $1,980 having suffered a near 60% dive over that period.