---
title: "Market sentiment is weak, and cryptocurrencies face risks.Jeff Kendrick of Standard Chartered Bank s"
description: "Market sentiment is weak, and cryptocurrencies face risks.Jeff Kendrick of Standard Chartered Bank said that as risk appetite wanes, Bitcoin and Ethereum may face further declines. Weakness in the U.S"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/38690881.md"
published_at: "2026-02-12T12:51:03.000Z"
author: "[割麻了](https://longbridge.com/en/profiles/14430749)"
comments_count: 1
---

# Market sentiment is weak, and cryptocurrencies face risks.Jeff Kendrick of Standard Chartered Bank s

Market sentiment is weak, and cryptocurrencies face risks.

Jeff Kendrick of Standard Chartered Bank said that as risk appetite wanes, Bitcoin and Ethereum may face further declines. Weakness in the U.S. economy, reduced market expectations for a Fed rate cut before June, and a decline in digital asset ETF holdings are all putting pressure on the market. Kendrick believes Bitcoin could fall to $50,000, and Ethereum could drop to $1,400. Bitcoin recently traded at $67,869, having hit a 16-month low of $60,008 last week; Ethereum traded at $1,984, having previously touched a 9-month low of $1,751.

### Related Stocks

- [ABTC.US - American Bitcoin](https://longbridge.com/en/quote/ABTC.US.md)
- [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md)
- [SBET.US - Sharplink](https://longbridge.com/en/quote/SBET.US.md)
- [BMNR.US - BitMine Immersion Tech](https://longbridge.com/en/quote/BMNR.US.md)

## Comments (1)

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**小胡想赚钱** ·  · 👍 1

What happened? It plummeted.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.