The top cryptocurrency could plunge 70% next year from the fallout of the FTX exchange collapse, Standard Chartered warns The price of Bitcoin could drop to as low as $5,000 next year in a market surprise that investors are underpricing, UK-based multinational bank Standard Chartered has said as cited by Decrypt, a website that covers cryptocurrency. The prediction was made as part of the banking group’s annual list of possible scenarios that analysts believe the markets may be overlooking. “Yields plunge along with technology shares, and while the Bitcoin sell-off decelerates, the damage has been done,” Eric Robe
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