Standard Chartered analyst: Bitcoin's decline is partly due to the meme coin market craze

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ODAILY
02-26
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Odaily reported that Geoff Kendrick, head of digital asset research at Standard Chartered, analyzed that one of the reasons for the devaluation of Bitcoin is the frenzy in the market. Although Bitcoin is not directly related to this market, analysts said that a series of coin scandals are damaging investors' trust in the entire cryptocurrency ecosystem, which is particularly unfavorable for , with Solana and Ethereum down 41% and 28% respectively so far this month. (thecryptobasic)

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