Bitcoin Sell-Off Likely 'Complete', Rally Into Year-End Still in Play: StanChart Analyst

Bitcoin’s steep sell-off might have finally run its course, according to Geoffrey Kendrick, the head of digital asset research at Standard Chartered, who argues the pullback follows a familiar pattern and is likely nearing exhaustion. Bitcoin (BTC) plunged below $90,000 on Tuesday, extending a drawdown that’s erased nearly 30% from the currency's all-time high above $126,000 set in early October. The latest leg lower marks the deepest pullback since last year's introduction of spot bitcoin ETFs in the U.S ...