Standard Chartered analyst Geoffrey Kendrick's bullish call comes as spot bitcoin exchange-traded fund inflows return, oil prices fall and Coinbase's CEO says bitcoin likely bottomed near $60,000.

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

Senior market analyst Geoffrey Kendrick pointed to the SpaceX IPO and a potential U.S.-Iran peace deal as the dual catalysts ending the recent crypto sell-off.