Ethereum experienced significant selling as large holders sold about 550,000 ETH worth nearly $880 million, increasing market supply and pushing the price down toward the $1,560 support level. Despite this, retail and smaller investors absorbed much of the supply, preventing a sharper decline. Buyers defended the $1,560 zone repeatedly, showing demand, but the price remains below key resistance levels around $1,800 and $2,000. The next critical hurdle is the $1,590-$1,600 liquidity cluster, which could determine whether Ethereum breaks out higher or retests lower support levels.
Cryptocurrency markets experienced varied price changes, with Bitcoin falling 1.19% to $59,249 and Ethereum down 0.91% to $1,565.80. Meanwhile, Solana gained 2.10%, indicating selective strength in the market. These fluctuations reflect ongoing volat...
Bitmine has increased its Ethereum holdings to over 5.7 million ETH, representing about 4.7% of the circulating supply, and aims to control 5% by 2026. Despite recent market weakness and an 8% drop in Ethereum's price, Bitmine continues to accumulate...
Bitmine Immersion Technologies has acquired 94% of its target to hold 5% of Ethereum's total supply, now owning 5.7 million ETH or 4.7% of all circulating Ethereum. The company also joined the Russell 1000 Large-cap Index, aiming to attract more inst...
Bitmine Immersion Technologies purchased 27,084 ETH worth about $43 million last week, increasing its holdings to 5.7 million ETH, nearly 4.7% of Ethereum's circulating supply. Despite the recent crypto price decline, Bitmine continues to accumulate ...
Bitcoin hovered just below $60,000 with a slight 0.6% gain, reflecting cautious trader sentiment as derivatives data and chart patterns suggest continued downside risk. While Solana and Avalanche showed some rebounds, their futures open interest indi...
