Bitcoin Continues To Sink Despite Bullish Bets by Big Banks

Many crypto skeptics laughed over a month ago when, back on February 5, Standard Chartered analyst Geoff Kendrick predicted that Ether (which was then trading in the low $2000s) would hit $4,000 by May, around the time the Ethereum ETF was to be approved. They weren't laughing when we got there just one month later, and more than two months ahead of schedule. They also laughed when back in January, Kendrick laid out his "high" case for bitcoin ETF accumulation - one which would justify a 2024 year-end price of $100,000 - as hitting 400,000 in early…