Morning Minute: Standard Chartered Says the Crypto Winter Is Over
Summary
Standard Chartered’s digital assets team says Bitcoin’s June 5 drop to around $59,000 likely marked the cycle low, declaring, “Winter is over. Welcome back to crypto spring.” The bank keeps a $100,000 Bitcoin year-end target and expects Ether to outperform on the way up. The bullish case is that three major headwinds are easing at once: the SpaceX IPO liquidity drain, geopolitical risk tied to Iran, and weaker ETF flows. Still, those pressures could reappear or take time to fully fade. For now, momentum looks better: Bitcoin is back above $65,000 and major altcoins have risen 10%–20%, suggesting risk appetite is returning.
