Bit Digital purchased 8,568 ETH for $20 million on May 11, marking its first Ethereum buy since October. Since the purchase, ETH's price dropped over 15%, falling below $2,000 and leaving Bit Digital with an unrealized loss of about $3 million. Despite the loss, CEO Sam Tabar believes the market has reset to a level aligned with the company's long-term thesis, citing factors like stablecoin settlements and AI-related transactions as future demand drivers. Bit Digital continues to focus on Ethereum accumulation and AI infrastructure, holding about 158,462 ETH worth approximately $313 million at current prices.
A new altcoin rally may be starting, driven by Hyperliquid (HYPE), a decentralized trading platform hitting new highs. Analyst Michael van de Poppe highlights HYPE as a key market momentum indicator and expects it to exceed $100 due to its unique acc...
Standard Chartered highlights a disconnect between Ethereum's falling price and its strong network activity, comparing it to Amazon's situation after the 2001 tech crash. Despite Ether's 57% price drop from its 2025 high, transaction counts and total...
Ethereum's price fell below $2,000 for the first time since March 29, triggering strong retail investor interest and a surge in bullish social media comments. Santiment Intelligence reported 2.4 bullish remarks for every bearish one, indicating high ...
Solana's price has fallen close to the critical $80 support level after forming a bearish double top near $98, signaling a potential deeper correction toward $75. Large-scale selling resumed by major holders like Pump.fun and a five-year staker liqui...
Standard Chartered reaffirmed its bullish Ethereum price targets, expecting ETH to reach $4,000 by the end of 2026 and $40,000 by 2030, despite ETH recently dropping below $2,000. The bank's research compares Ethereum's current slump to Amazon's 2001...
