Bloomberg: Bitcoin stabilizes in the Asian trading session after Standard Chartered issues a warning

According to Bloomberg, cryptocurrencies stabilized during the Asian trading session. Previously, Standard Chartered warned that Bitcoin could weaken further, while Coinbase, the largest cryptocurrency exchange in the U.S., reported a loss in the fourth quarter.

Bitcoin is currently reported above $66,000, having previously dropped 4% during the New York trading session, reaching a low of $65,118, the lowest level of the week. Standard Chartered warned that BTC could drop to $50,000 before a rebound, with a year-end target price lowered to $100,000.