Standard Chartered: Crypto winter is over, Bitcoin has bottomed out

Standard Chartered (SC) has declared that the crypto winter is over, Decrypt reported. SC analyst Geoff Kendrick explained that Bitcoin's recent drop to nearly $59,000 was the most severe period of the crypto winter, representing a 53% decline from its October peak of $126,000. He stated that the lowest point for cryptocurrencies is now in the past and the winter has ended. Kendrick added that a potential peace agreement between the U.S. and Iran, along with SpaceX's historic IPO, are expected to serve as catalysts for the crypto market, which has been sluggish in recent months.