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.
Ether (ETH), the second-largest cryptocurrency by market cap, briefly fell below the $2,300 mark on Binance's spot market, trading at $2,294 as of early Nov. 4. Despite this dip, the price showed a 0.60% gain over the previous hour, indicating short-...
Ethereum Foundation researcher Justin Drake announced at Devcon 8 that the network hopes to finish its post-quantum and post-AI security upgrade by December 2028, moving up the previous target of December 2029. This upgrade addresses risks posed by q...
The total stablecoin market capitalization has declined by 6% from $280 billion in April to $263 billion currently, reflecting reduced liquidity in crypto markets. Binance's Tether (USDT) reserves have shrunk by 7.8% over the past 30 days to about $3...
Bitcoin's sharp rallies have become less frequent due to institutional call-option selling and profit-taking by large holders, yet a price of $90,000 by the end of 2026 is projected. Market sensitivity to Wall Street strategies and macroeconomic news...
During the hour ending at 9:24 a.m. ET on Nov. 3, $7.75 million worth of short positions in Ether (ETH) were liquidated across Binance, Bybit, and OKX exchanges. The total liquidations, including $2.51 million in long positions, reached $10.26 millio...
