Just saw Standard Chartered's latest take on the market - they're calling for bitcoin to slide down to $50K and ethereum dropping to $1,400 before things stabilize. Pretty bearish outlook from a major institution. Interesting timing given where we are right now though. Bitcoin's sitting around $73K and eth's near $2.25K, so they're essentially predicting a significant pullback from here. Not sure if it's just typical institutional caution or if they're seeing something concrete in the data. Either way, the bitcoin to ethereum correlation would probably hold if that scenario plays out. Worth keeping an eye on how the market reacts to these kinds of predictions from the big players.

BTC0,41%
ETH0,86%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin