$BTC Not a drop, but a retest: Standard Chartered analysts expect Bitcoin at $

500 thousand #CryptoAdoption

Bitcoin (BTC) recently experienced a significant drop: at the time of writing, the price is 80,346, reflecting a destruction of 6.86% over 24 hours. Other cryptocurrencies have also significantly decreased in value, causing concern among investors and traders. Some are talking about a potential further decline of Bitcoin to 70 thousand. In general, there is a growing mention of cryptozim.

However, the crypto market is quite unpredictable. Since the beginning of the year, there have been several shocks caused by the strong influence of the actions of the new U.S. President Donald Trump and the hacking of the Bybit exchange for $1.5 billion. The political situation adds to the tension.