The bear attack on Bitcoin is frightening, but it does not break the trend

The crypto market faces selling pressure but remains above July highs. Bitcoin’s dip to 117,000 USD triggered a market decline, while Ethereum is outperforming Bitcoin, driven by regulatory changes and new stablecoin discussions.

Standard Chartered has revised its Ethereum price forecast from 4,000 USD to 7,500 USD by year-end. The crypto market’s trajectory remains tied to global risk appetite and developments in traditional stock markets.