Standard Chartered: Crypto Market Has Bottomed, Bitcoin to $100K by Year-End
Summary
Standard Chartered's head of digital assets research declared the crypto market has bottomed, projecting Bitcoin to reach $100,000 by year-end and unlikely to fall below $60,000 again. This positive outlook is highly material for Strategy Inc, whose valuation is directly tied to its substantial Bitcoin holdings. The bank's analyst explicitly called for MSTR to increase its Bitcoin purchases, which would support a recovery. This follows MSTR's Q1 2026 report of a $14.46 billion unrealized loss on its Bitcoin holdings.
At the time of this announcement, MSTR was trading at $119.10 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $41.7B. The 52-week trading range was $104.17 to $457.22. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: CryptoProwl.