Bitcoin Near $66K as Bank Warns Next Stop Could Be $50K
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Bitcoin traded near $66,000 after hitting a weekly low of $65,079, amid fresh selling pressure. Standard Chartered downgraded its 2026 price target for Bitcoin to $100,000 and warned of a potential dip to $50,000. Currently, Bitcoin is over 45% below its peak of $126,000 in October.
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- Bitcoin traded near $66,000 after falling to $65,079, its weekly low.
- Standard Chartered cut its 2026 price target to $100,000, warning of a possible $50,000 dip.
- Bitcoin remains over 45% below its October peak above $126,000.
Bitcoin hovered near the lower end of this week’s trading range on Thursday after fresh selling pressure and a downgraded outlook from Standard Chartered weighed on market sentiment.
The world’s largest cryptocurrency, Bitcoin, traded just above $66,000 at about 9:30 a.m. in Singapore after dropping as much as 4% in New York trading to $65,079, its lowest level this week. Over the past 24 hours, Bitcoin slipped roughly 1% to around $66,374, extending a volatile stretch in which several short-lived rebounds have faded.
Related: Bitcoin to $1M? Fred Krueger Cites Institutional Capital Wave
Bank Lowers 2026 Target
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