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Bitcoin Down About 20% in 2026 as Outlook Splits Between More Pain and a Rebound

Standard Chartered’s Geoffrey Kendrick warns of a near‑term slide toward $50,000 despite lofty long‑range targets.

Overview

  • Bitcoin trades near $70,500 and is down about 19%–20% for the year after a slide that began in October 2025.
  • Kendrick projects a pullback toward $50,000, citing risks from weak tech earnings and a cautious Federal Reserve, then a rebound toward $100,000 by year‑end.
  • Spot Bitcoin ETFs have amassed about $56.7 billion in net inflows since 2024, including a recent seven‑day streak of net buying.
  • Analysts highlight Bitcoin’s fixed 21‑million supply and its recurring four‑year cycles as reasons some investors view current prices as a long‑term entry point.
  • Ethereum’s role deepens in traditional finance integration, hosting roughly $165 billion in stablecoins and about $15.5 billion in tokenized real‑world assets.