Crypto Winter Is Over, Says Standard Chartered Analyst
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Standard Chartered analyst Geoffrey Kendrick said the crypto winter is over, arguing Bitcoin’s drop to about $59,000 was the cycle bottom and should not be breached, with year-end targets of $100,000 for BTC and $4,000 for ETH; Bitcoin peaked at $126,000 in October 2025 before falling 53% and is trading near $63,484. He blamed the recent selloff on a SpaceX IPO liquidity drain and the Iran conflict and said renewed ETF inflows and falling oil prices are needed to fully confirm a market reversal, highlighting implications for crypto adoption and institutional flows.
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- Kendrick says Bitcoin $59K was the cycle bottom and does not expect prices to breach it again.
- SpaceX IPO liquidity drain and Iran conflict were key drivers of the recent crypto selloff.
- ETF inflows returning positive and oil prices falling are needed to fully confirm the reversal.
Standard Chartered analyst Geoffrey Kendrick declared the crypto winter over on Friday, stating that Bitcoin’s drop to approximately $59,000 likely marked the cycle bottom and that the path toward year-end targets of $100,000 for Bitcoin and $4,000 for Ethereum remains intact.
Bitcoin peaked at $126,000 in October 2025 before falling 53% to its recent low. Kendrick’s position is that $59,000 represents a hard floor for this cycle, and he does not expect prices to breach it again. Bitcoin is trading at $63,484 at press time, recovering from recent lows.
What Caused the Selloff
Kendr…
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In This News
Coins
$ 63.97K
+1.69%$ 1.79K
+2.73%Predictions Markets
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