Coin World news: MSTR sold Bitcoin for the first time since 2022, at a price of $68,887.58. Despite the deal seeming insignificant compared with its massive $58 billion holdings, market reaction may point to a broader shift in the crypto market. Geoff Kendrick, head of digital asset research at Standard & Poor’s, noted that Ethereum significantly outperformed Bitcoin on the day the sale was announced, despite overall weakness in crypto prices. Since Monday, Ethereum has risen 5% relative to Bitcoin. Kendrick expects that by the end of 2026, Ethereum’s price target will be $4,000, and in 2030 it will be $40,000, and he believes the ratio of Ethereum to Bitcoin will rise to 0.04 by year-end, implying that even if both prices fluctuate, Ethereum will outperform Bitcoin by more than 40%.
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