Ether Lags Bitcoin As Ethereum Merge Nears. Here is Why?

Ether Lags Bitcoin As Ethereum Merge Nears. Here is Why?

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“With the ETH/BTC ratio trading back to previous highs, some have started to unwind their long ETH/short BTC trade and this has caused a +10% rally in BTC. Beta adjusted, bitcoin has outperformed ether during the last week,” Markus Thielen, chief investment officer at British Virgin Islands-based IDEG Asset Management (IDEG), said in an email.

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