POPA ReconStandard Chartered's Kendrick: "Crypto Winter is over. BTC $100K, ETH $4K outlook maintained"
Standard Chartered's Kendrick: "Crypto Winter is over. BTC $100K, ETH $4K outlook maintained" Standard Chartered analyst Jeffrey Kendrick maintained his Bitcoin end-of-year target at $100,000 and Ethereum end-of-year target at $4,000. He said the section where Bitcoin fell to around $59,000 was likely the bottom of the cycle, and that the current "crypto winter" is over. Kendrick cited large buybacks in spot ETFs in Bitcoin, liquidity pressures related to SpaceX IPOs and easing macro stress as the main reasons for the recent sell-off. He said he saw a resurgence of buying in the future an…
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