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Bitcoin (BTC) and altcoins experienced successive and very sharp declines. During these declines, Bitcoin fell as low as $60,000, while Ethereum (ETH) dropped below $2,000.
At this point, analysts expect the declines to continue as cryptocurrencies are in a bear market, while Standard Chartered has released its latest updated forecasts.
Standard Chartered analysts, revising their predictions for Bitcoin and Ethereum, stated that the downtrend will continue for a few more days.
According to Reuters, Standard Chartered analysts said the cryptocurrency market will bottom out within a few months.
In this context, analysts stated that they expect Bitcoin to fall to $50,000 and Ethereum to fall to $1,400 before the market bottoms out.
The bank also revised its year-end forecasts downwards. The forecast for Bitcoin was lowered from $150,000 to $100,000, and for Ethereum from $7,500 to $4,000.
Bitcoin is trading at around $67,900 at the time of writing and has lost about a third of its value since October.
Ethereum is currently trading at $1,980 and has experienced a drop of approximately 60% during the same period.
*This is not investment advice

Plasma XPL is a blockchain that does not shout about itself but works hard behind the scenes to build things that really matter in the crypto world. The basic goal of Plasma is to create an execution layer that focuses on real usability performance and low cost without giving up decentralization Plasma does not follow every trend but builds something useful that developers can depend on and use for real projects
What makes Plasma interesting is the way it balances things It does not make things too hard for developers or users It cuts down friction lets transactions flow smoothly and supports high throughput so apps can grow naturally and without annoying barriers This is where XPL comes in as a helpful asset in the ecosystem instead of just being a hype token People use XPL for paying transaction costs securing the network and earning rewards by staking it
Plasma is deliberate in its approach In a market full of big promises Plasma chooses slow growth solid foundations and long term thinking This kind of steady work is sometimes where true value gets created over time
The team behind Plasma works on making payments easy and cheap The network offers zero fee transfers for stablecoins like USDT through a gas paymaster system that covers basic costs for users Plasma also lets users pay fees with tokens they already hold instead of only using the native token so everyday use becomes simpler
Plasma uses a fast consensus system that lets transactions finalize quickly and handle large volumes of activity It is fully compatible with the Ethereum Virtual Machine so developers can use familiar tools and languages from other networks This makes moving existing projects to Plasma easier without redoing everything from scratch
There are also bridges like a trust minimized Bitcoin bridge that brings BTC into the Plasma network as pBTC letting more assets work inside smart contracts Plasma is exploring privacy focused features like confidential payments to hide details but still work with wallets and apps
Plasma feels thoughtful rather than loud It is trying to build real infrastructure that works for users developers and the future of payments and decentralized finance Instead of hype it focuses on usefulness and long term stability That is why Plasma XPL stands out as a quiet powerful engine for the next wave of on chain speed and real growth in the crypto space.
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