Core Viewpoint - Standard Chartered forecasts that Bitcoin will reach $100,000 and Ethereum will hit $4,000 by the end of 2026, despite an anticipated decline to $50,000 and $1,400 respectively before that [1] Market Performance - Bitcoin ETF holdings have decreased by approximately 25%, with total assets under management dropping from a peak of $165 billion to $96 billion, a decline of 41% [2] - Ethereum ETFs have similarly fallen from a peak of $23 billion to $13 billion, a decrease of 43% [3] - Bitcoin is currently trading at $67,456, down 27% over the last 30 days and 46% lower than its all-time high of over $126,000 [3] - Ethereum is trading at $1,969, having risen 2.8% in the past day but is still 4% lower than the previous week [4] Future Expectations - A prediction market indicates a 58% chance that Bitcoin's price will drop to $55,000 before rising to $84,000 [4] - Despite recent price declines, Standard Chartered maintains a long-term positive outlook, keeping its end-2030 forecasts for Bitcoin at $500,000, Ethereum at $40,000, and Solana at $2,000 [5] Market Metrics - The bank emphasizes two key metrics during market downturns: the pullback relative to all-time highs and the percentage of Bitcoin currently in profit, noting that while declines are sharp, they are not as extreme as in previous cycles [6]
Bitcoin Will Fall to $50K and Ethereum Will Hit $1,400 Before Rebound: Standard Chartered