Standard Chartered’s Kendrick Calls $59K the Bitcoin Cycle Bottom; Holds $100K BTC and $4K ETH Year-End Targets

TLDR: Standard Chartered’s Kendrick confirms Bitcoin’s $59K level as the definitive cycle low for 2025. Spot Bitcoin ETF redemptions exceeded $5.72B since May, driven partly by SpaceX IPO liquidity needs. Kendrick maintains $100K Bitcoin and $4K Ethereum price targets through year-end despite the selloff. A potential U.S.-Iran peace deal and falling oil prices could ease [...]

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