Standard Chartered Says Crypto Market Has Bottomed

Standard Chartered analyst Geoff Kendrick asserts that the crypto market has officially bottomed out. This assessment follows a recent period of volatility where Bitcoin experienced a price drop below the $60,000 threshold. According to the firm, the recovery from this fall indicates that the market's downward trend has ended, signaling that the period often described as crypto winter is now over as Bitcoin begins to recover from its recent lows.