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via Decrypt · By Decrypt Editorial

As Bitcoin Sinks, It's Time for Ethereum to Outperform: Standard Chartered

BTC

BTC/USDT

$62,569.99

-3.79%

$62,569.99

-3.79%

(24s)

24h Volume

$19,528,014,204.10

24h H/L

$65,146.00 / $61,938.00

Change: $3,208.00 (5.18%)

Long/Short

68.6%

Long: 68.6%Short: 31.4%

Funding Rate

-0.0020%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,327.96

▼ -2.64%

Volume (24h): -

Resistance Levels

Resistance 3$65,654.82

Resistance 2$64,206.80

Resistance 1$62,878.49

Price$62,327.96

Support 1$61,834.89

Support 2$60,542.19

Support 3$59,114.43

Pivot (PP):$62,847.11

Trend:Downtrend

RSI (14):36.4

Decrypt Editorial

(10:36 PM UTC)

1 min read

Verified byDavid Kim

1156 views

0 comments

In brief

Standard Chartered's Geoff Kendrick argues that Strategy's $2.5 million Bitcoin liquidation marked a turning point for Ethereum.
As Bitcoin's price dropped, Ethereum registered one of Ethereum's largest daily outperformance spikes since 2024.
Kendrick believes that Ethereum's current price is deeply disconnected from thriving network metrics.

When Strategy disclosed on Monday that it…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Decrypt Editorial · Decrypt

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