Bitcoin price faces ‘inevitable dip’ to $100,000, says Standard Chartered

Buckle up, Bitcoin investors. The cryptocurrency has been in a slump ever since renewed tension between the US and China billowed into capital markets, wiping out $19 billion in leveraged positions across crypto in a single day. Now, as it trades at around $108,000, crypto’s top asset has an inescapable trip below the six-figure mark, according to Geoffrey Kendrick, head of digital assets research at UK-based bank Standard Chartered. “The question now is how far does Bitcoin need to fall before finding ...