Ethereum's price dropped close to $1,600, falling about 14% from its June high, as traders reduce risk ahead of U.S. inflation data. Despite this, BitMine, a major corporate holder, reportedly acquired an additional 75,000 ETH worth around $123 million, potentially raising its holdings to 5.62 million ETH. Market sentiment remains cautious due to weak ETF inflows, rising oil prices, and uncertain Federal Reserve policy. Technical support is noted near $1,550, with potential volatility if this level breaks, while BitMine's buying offers a bullish counterbalance amid broader market weakness.
Bitcoin long-term holders have significantly increased their holdings, reaching the highest accumulation level in over six years. The LTH Net Position Change shows a gain of approximately 1.29 million BTC, indicating strong confidence among long-term...
Major cryptocurrencies saw mixed movements with Bitcoin maintaining its $64,000 level and Ethereum rising by 2%, supported by strong equity markets. However, XRP and Dogecoin showed weaker performance. Data indicated significant trader liquidations a...
Ethereum's price has stalled between $1,830 and $1,930 with trading volumes dropping nearly 50% since late July, reflecting market uncertainty amid macroeconomic concerns and lack of bullish news. A flag pattern has formed after a breakout above $1,8...
A proposal to remove Ethereum staking rewards if staked ETH exceeds half of circulating supply faces strong opposition from DeFi leaders like Aave CEO Stani Kulechov. Critics argue the plan would disrupt institutional adoption, reduce yield predictab...
Bitcoin recovered from a dip below $62K to trade around $64,300, buoyed by the S&P 500 reaching fresh all-time highs above 7,050. This rally shows the usual pattern where crypto prices follow traditional equities, though market sentiment remains fear...
