Standard Chartered Calls It — "Crypto Winter Is Over"

Standard Chartered's global head of digital assets research Geoffrey Kendrick declared on June 12: "Winter is over," stating Bitcoin likely established its cycle low at $59,000 after a 53% drop from its $126,000 high. He cited three confirmation signals to watch: Strategy announcing additional Bitcoin purchases, a return to positive ETF inflows, and continued declines in oil prices. Long-term targets remain at $500,000 for Bitcoin, $40,000 for Ethereum, $2,000 for Solana, and $28 for XRP