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Top story: Standard Chartered Says the Crypto Winter Is Over
In a bullish Friday note, Standard Chartered’s head of digital assets research, Geoff Kendrick, declared that Bitcoin’s slide to about $59,000 on June 5 marked this cycle’s low. “Winter is over. Welcome back to crypto spring,” Kendrick wrote, and the bank is sticking with a lofty $100,000 year-end target for Bitcoin — roughly 70% above current levels. Standard Chartered also expects Ether to outperform Bitcoin during the rally.
Kendrick went further, calling the recent dips the kind of buying opportunity investors will look back on with regret if they miss: from a future vantage with Bitcoin at $100K, “this was the buying zone we all wanted.”
That optimism isn’t blind. Kendrick points to three key overhangs that have been weighing on markets — and says they’re beginning to lift simultaneously. If that trend continues, it would represent a genuine shift in market dynamics. But he and others caution patience: the effects of the SpaceX IPO liquidity drain could take weeks to materialize, peace talks related to the Iran conflict remain uncertain, and ETF flows can reverse quickly.
Still, the market is showing signs of life: Bitcoin has reclaimed the mid-$60Ks and leading altcoins rallied 10–20% over the weekend, hinting that “animal spirits” may be returning. Whether momentum holds is the question traders will be watching.
Also in this edition: Corporate treasuries & ETFs, and our meme-coin tracker.
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