BTC105,284.04 USD▲ 0.23%
LTC93.74 USD▲ 0.07%
XRP2.34 USD▼ -0.08%
DOGE0.2195 USD▼ -0.09%
ETH2,474.13 USD▼ -0.40%
ETC18.03 USD▼ -0.22%
BCH385.43 USD▼ -0.21%
BNB644.07 USD▼ -0.09%
TRX0.2722 USD▲ 0.36%
SOL165.98 USD▼ -0.25%
KAS0.1074 USD▲ 0.77%
BTC105,284.04 USD▲ 0.23%
LTC93.74 USD▲ 0.07%
XRP2.34 USD▼ -0.08%
DOGE0.2195 USD▼ -0.09%
ETH2,474.13 USD▼ -0.40%
ETC18.03 USD▼ -0.22%
BCH385.43 USD▼ -0.21%
BNB644.07 USD▼ -0.09%
TRX0.2722 USD▲ 0.36%
SOL165.98 USD▼ -0.25%
KAS0.1074 USD▲ 0.77%

Crypto Market Crash: Standard Chartered’s Take

Jeffrey Kendrick from Standard Chartered explained the recent crypto market crash. Key reasons:

  • High correlation between Bitcoin and the stock market, which took a hit after DeepSeek unveiled its new AI model
  • Nasdaq plunge and tech giant losses, including NVIDIA and OpenAI

On January 27, Bitcoin dropped below $99,000, with liquidations exceeding $700 million😭

Kendrick called this a buying opportunity and reaffirmed Standard Chartered’s forecast: $200,000 for Bitcoin and $10,000 for Ethereum by the end of 2025.

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