Standard Chartered Analyst Suggests Bitcoin Prices May Have Hit Cycle Low

Geoff Kendrick, an analyst at Standard Chartered, has informed clients that he believes the worst of the crypto market may have passed, stating that 'winter is over.'

Kendrick's assessment comes as the market anticipates updates regarding Bitcoin purchases from Strategy, which could provide further insights into market trends.

The analyst suggests that prices have likely reached the low point for this cycle, although market conditions remain uncertain.