Strategy's 32 BTC Sale May Mark Start of ETH Outperformance vs Bitcoin, Says Standard Chartered

BTC-7%
ETH-7.75%
According to Standard Chartered Bank's Global Head of Digital Assets Research Geoffrey Kendrick, Strategy's sale of 32 bitcoin on Monday may mark the start of Ethereum outperforming Bitcoin. The sale triggered notable market reaction, with Bitcoin falling below $70,000 and Ethereum posting one of its largest ETH-BTC rallies on a Bitcoin down day in recent years. Kendrick expects the ETH-BTC ratio to rise to 0.040 by year-end from around 0.028 currently.
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