Standard Chartered bank has lowered its Bitcoin price forecast for the second time in less than three months. Analysts now expect the cryptocurrency to reach $100,000 by the end of the year, down from a previous forecast of $150,000. The revision is linked to slower-than-expected adoption of Bitcoin as a payment method. Despite the cut, the bank remains optimistic about Bitcoin's long-term potential. The market continues to react to regulatory changes and macroeconomic factors. Investors are closely watching how the situation will unfold.
