Bloomberg: Bitcoin Settles After Standard Chartered Bank Issued a Warning During Asia Trading

BlockBeats News, February 13th, according to Bloomberg, cryptocurrencies stabilized during the Asian trading session on Friday. Earlier, Standard Chartered Bank warned that Bitcoin may further weaken, while the largest U.S. cryptocurrency exchange Coinbase released its financial report stating a loss in the fourth quarter of 2025.

Bitcoin is now trading above $66,000, having previously fallen 4% during the New York trading session to touch $65,118, the lowest level of the week.

Yesterday's report mentioned Standard Chartered's warning that BTC could either rebound before falling to $50,000 or see its year-end target price reduced to $100,000.