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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting growing optimism toward digital assets, Standard Chartered has declared that the recent Bitcoin price correction likely marks the end of the so-called "crypto winter." According to reports, the banking giant believes the latest market downturn has exhausted the bearish trend, signaling that Bitcoin has reached its cyclical bottom. This bullish signal suggests a transition into a new growth phase for BTC after a period of significant volatility.
This outlook coincides with a broader institutional shift, as peers like JPMorgan recently adjusted their Bitcoin production cost estimates upward to serve as a price floor (per May 2026 research). Market performance for banking institutions shows stability; HSBC (0005.HK) closed at 142.80 HKD, while Standard Chartered (2888.HK) finished at 199.70 HKD per market data on June 12, 2026. These figures highlight a steady environment for financial institutions navigating the crypto-asset landscape.
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Sign InTraders are now watching for confirmation of this market floor, with Standard Chartered (2888.HK) currently trading near its daily high of 199.90 HKD (as of June 12, 2026 close). Upcoming catalysts include China's Inflation Rate and Producer Price Index data, which could impact global risk appetite and liquidity flows into alternative assets. Investors remain focused on whether these macroeconomic indicators will support the bank's thesis of a renewed bullish cycle.
Update: Bank analysts have identified $59,000 as a definitive floor for the current Bitcoin cycle, strengthening conviction in market stability above this level. Furthermore, the bank reaffirmed its aggressive year-end 2026 targets, projecting Bitcoin to reach $100,000 and Ethereum to hit $4,000.