Standard Chartered Abandons Bullish Bitcoin (BTC) Price Prediction, Revises Forecast Downward

In a significant shift, global banking giant Standard Chartered has officially retracted its previously optimistic Bitcoin (BTC) forecast. The bank's analysts have abandoned their bullish stance, citing changing market dynamics and reduced investor inflows into cryptocurrency exchange-traded funds (ETFs). This revision marks a notable pivot from their earlier prediction, which had projected Bitcoin could reach $100,000 by the end of the year. The updated assessment points to increased market headwinds and regulatory uncertainties as primary factors dampening the short-term price trajectory for the world's leading cryptocurrency. This move by a major institutional player is closely watched as a barometer of shifting sentiment in the digital asset space.