The Chicago Mercantile Exchange (CME) Group, which operates a derivatives marketplace, published a report on July 26 discussing the potential dynamics between Bitcoin and Ethereum in the context of the upcoming 2024 halving event.

According to the report’s author, Erik Norland, who serves as CME Group’s senior economist, Ethereum might outperform Bitcoin even if BTC rallies after its halving. This event cuts its issuance in half. 

Ethereum And Bitcoin Correlation Before Halving

The CME Group is analyzing the correlation between Bitcoin and Ethereum months before halving, an event whose ripple effects would likely be felt across the market considering Bitcoin’s capitalization and status. Historically, Bitcoin halving events have supported BTC prices while also lifting …