Standard Chartered's Geoff Kendrick calls Bitcoin's $59K low the cycle bottom, maintaining a $100K year-end target as MicroStrategy holds over 845K BTC.

Standard Chartered analyst Geoff Kendrick suggests the crypto market has hit its lowest point following Bitcoin's recent drop below $60,000.

Standard Chartered Global Head of Digital Assets Research Geoff Kendrick called the crypto bottom Friday, saying Bitcoin’s (CRYPTO: BTC) drop to