Standard Chartered: Bitcoin and Ethereum may further decline due to weak risk appetite.

Standard Chartered Group's Geoff Kendrick said in a report that as risk appetite continues to weaken, Bitcoin and Ether may continue their recent downward trend in the coming months. He stated that the risk environment is becoming "more challenging" as the US economy softens and the market expects the Federal Reserve to not cut interest rates again before June, possibly with Kevin Warsh becoming the Fed chairman. He mentioned that the holdings of digital asset exchange-traded funds have already decreased. He said that Bitcoin could drop to a low of $50,000 and Ether could touch $1,400. According to data from the London Stock Exchange Group, Bitcoin rose 0.1% to $67,869 after hitting a 16-month low of $60,008 on Friday. Ether rose 0.8% to $1,984 after hitting a nine-month low of $1,751 on Friday.