$ETH and $BTC could extend recent falls in coming months as risk sentiment remains weak, Standard Chartered's Geoff Kendrick says in a note. The risk backdrop is becoming "more challenging" with the U.S. economy softening and markets not expecting any further interest-rate cuts until June after Kevin Warsh potentially becomes Fed Chair, he says. Holdings of digital-asset exchange-traded funds have fallen, he says. Bitcoin could fall to a low of $50,000 and ether could reach $1,400, he says. Bitcoin is last up 0.1% at $67,869 after hitting a 16-month low of $60,008 last Friday, LSEG data show. Ether rises 0.8% to $1,984 after reaching a nine-month low of $1,751 on Friday.

BTCUSDT

Perp

69,094.5

+5.68%

ETHUSDT

Perp

2,055.94

+7.49%