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Standard Chartered has declared the cryptocurrency downturn over, issuing a market-bottom call as Bitcoin ($BTC) recovers from its fall to the $60,000 level.
The bank's assessment — summarised in the phrase "Winter Is Over" — represents one of the more prominent institutional voices to signal a turning point after a period of sustained selling pressure.
What the Bank Actually Said Standard Chartered's call is a directional judgment, not a price target, and it arrives as $BTC claws back ground lost during a slide that brought the asset down to the $60,000 range.
The bank is characterising that zone as a floor rather than a waystation on the way lower.
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