Search results for Geoffrey Kendrick
Crypto
XRP plunges 66 percent but big holders hold on; rebound factors in focus
XRP has slid to around $1.15, down about 66 percent from its July 2025 peak, stoking concern over a prolonged downturn. On-chain data show more than 25 million XRP moved off exchanges and whale wallets holding at least 10,000 tokens hit a record 332,230. Institutional money stayed positive, with spot XRP ETFs drawing $131.94 million in May. Analysts also cite heavy short positioning, oversold indicators and U.S. regulatory developments as key variables.
Crypto
Standard Chartered revives bitcoin bottom call, says Strategy likely to buy BTC again
As bitcoin extends a decline, Standard Chartered has raised a renewed case that prices may be near a bottom. Digital assets research head Geoffrey Kendrick said holdings in spot bitcoin exchange-traded funds are supporting the downside and that Strategy’s sale of 32 bitcoin could be followed by a larger repurchase. He cited a 2022 precedent and said confirmation of buying could be a tentative signal a bottom is forming. Investors also watched Mt. Gox transfers.
Crypto
Standard Chartered says Ethereum era to overtake Bitcoin has arrived after Strategy selloff
Standard Chartered has raised its year-end ETH/BTC target ratio to 0.040 from about 0.028, saying Ethereum started to outperform Bitcoin from Monday. The shift followed a small Bitcoin sale by Strategy, the largest listed holder, which sold 32 BTC for about $2.5 million to pay preferred dividends. The bank’s Geoffrey Kendrick said the sale itself was tiny but highlighted differences between Bitcoin treasuries and Ethereum’s staking-based cash flow.
