Bitcoin forecast to drop into low 80K area

Standard Chartered on Bitcoin, with the crypto below its three-month low under $90,000Standard Chartered predicts further declinesDespite holding up relatively well, bitcoin is being affected by a broader crypto market selloff, partly fueled by Solana’s meme coin activity. Analysts at Stan Chart Kendrick anticipate a near-term drop of around 10%, bringing bitcoin into the low $80,000sAlthough a decline in U.S. Treasury yields could eventually support bitcoin’s recovery, warns that it’s not the right time to buy, especially with bitcoin ETFs potentially facing larger outflows.