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Crypto Market News Today: Standard Chartered Warns of Bitcoin Drop as Pepeto Presale Rises and Zcash Trends

## Standard Chartered Forecasts Bitcoin Decline

NBy Nathan ColeMar 07, 20262 min read

Standard Chartered Forecasts Bitcoin Decline

Standard Chartered has projected a potential decline in Bitcoin's value to $50,000, with Ethereum potentially dropping to $1,400. The market recently experienced a loss exceeding $1 trillion in total value. Bitcoin currently trades around $71,000, and Ethereum is near $2,071. Institutional ETF outflows have reached a record $3.8 billion in February, which contributes to the bearish market outlook.

Zcash has emerged as a trending coin, with its value around $230. The growing interest in privacy coins is driven by tightening global regulatory frameworks and an increased demand for financial data protection. Shielded ZEC coins are nearing an all-time high, indicating a bullish signal for the network. On-chain data reveals a steady increase in Zcash's shielded transaction volume, with a recovery above the $260 resistance level potentially triggering further momentum.

Bitlayer has shown notable gains, trading near $0.15 with a daily volume surge exceeding 200 percent. Despite a bearish market environment, selective buying remains evident. Analysts have identified $0.19 as a potential target if current momentum persists.

Pepeto has successfully raised $7.391 million during challenging market conditions. Upcoming launches include PepetoSwap, a cross-chain bridge, and a full trading exchange. Dual audits by SolidProof and Coinsult have confirmed no vulnerabilities. The token is priced at $0.000000186, with a listing target of $0.0001. A $175 investment at the presale price could potentially yield $93,975 at the target price.

Standard Chartered has projected a potential decline in Bitcoin's value to $50,000, with Ethereum potentially dropping to $1,400.
Nathan Cole · Thehackingpost

Standard Chartered has warned that Bitcoin could drop to $50,000, with Ethereum also at risk of falling to $1,400. Investors are exploring presale tokens like Pepeto as alternative opportunities.

Is Zcash a viable investment in the current market?

Zcash, trading at $230, offers potential recovery opportunities for privacy coin adoption. Pepeto, with its presale price of $0.000000186 and a 537x return target, offers strong upside potential.

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What is a recommended cryptocurrency investment during a Bitcoin downturn?

Pepeto is considered a strong investment option during a Bitcoin downturn. With $7.391 million raised in its presale, experienced founders, and dual audits confirming no vulnerabilities, Pepeto provides a 537x return target that is independent of Bitcoin's price recovery.

Based on reporting by TechBullion.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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