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Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst

Crypto CoinDesk By Olivier Acuna 12 Jun 2026 18:09 1 min read
Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst

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 selloff.

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 selloff.

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