Arthur Hayes, after selling several tokens including ZEC and NEAR, has returned to buying Ethereum, acquiring 1,400 ETH worth about $2.5 million. His recent sales caused price drops, notably ZEC which fell over 50% before recovering. Alongside Hayes, other large investors like geministar.eth and Tom Lee-led Bitmine have also increased their Ethereum holdings significantly, with purchases totaling tens of millions of dollars. This activity highlights continued strong interest in Ethereum from major holders despite recent market volatility.
Ethereum's price surged more than 30% since mid-August, approaching the key $2,500 resistance level. Large investors like Bitmine and Tom Lee accumulated 34,000 ETH, while spot Ethereum ETFs saw $1.06 billion inflows in August, the highest in a year....
Bitcoin fell nearly 1% to around $79,000 during Asian trading as investors took profits after a week-long rally that boosted Bitcoin by about 23%. XRP led the broader crypto market decline, dropping over 4% but still up nearly 45% for the week. Other...
Bitcoin fell back below $79,000 after testing resistance above $81,000, with traders debating if this signals a sustained crypto recovery or a short-term pullback. Institutional demand remains strong, as US spot Bitcoin ETFs saw inflows of $337.56 mi...
Cryptocurrency prices are fluctuating with Bitcoin slightly increasing by 0.27% to $78,865, while Ethereum and several altcoins like BNB, XRP, and DOGE show minor declines. Some smaller tokens such as RAIN and HYPE have surged significantly, with RAI...
Ethereum's 1-week implied volatility surged from 33% to 67%, prompting traders to use calendar spreads betting on ETH reaching $2,700 by early September. This strategy involves selling near-term calls priced with high volatility and buying longer-ter...
