Bitmine purchased 126,971 ether (ETH) last week, its largest weekly buy in 2026, spending about $214 million as ETH prices fell. This increased Bitmine's total holdings to 5.54 million ETH, worth around $9.3 billion, bringing it closer to its goal of owning 5% of all ether tokens. Despite earlier advice to slow purchases, Bitmine's chairman Tom Lee said the price drop does not reflect Ethereum's strong fundamentals. The company remains one of the few major crypto treasury firms still buying amid a market downturn, though it faces significant paper losses due to ETH's price decline since last year.
Cryptocurrency prices are fluctuating with Bitcoin at $63,014 and Ethereum at $1,676.48, showing moderate gains. Several altcoins such as BEAT and DEXE have experienced significant increases, with BEAT up nearly 72% and DEXE up over 15%. These moveme...
Bitcoin maintained its price above $63,000 following a 4% rally on Sunday, driven by Michael Saylor's hint at further purchases. The cryptocurrency is trading near its 200-week moving average, a critical level historically marking major market cycle ...
Ethereum reserves on major exchanges Binance, OKX, Gemini, and Bitfinex fell by about 475,000 ETH in early June, with OKX seeing the steepest decline of nearly 20%. This drop in supply could indicate renewed investor demand as Ethereum price hovers n...
Ethereum faces renewed downside risk after failing to break a major weekly resistance level, echoing a previous pattern that led to a multi-month drop. However, technical analysis also points to unfilled price zones above current levels, suggesting a...
An early Ethereum investor sold about $188 million worth of ETH, wstETH, and WBTC near $2,040 just before a major market crash, avoiding significant losses. The investor then repurchased ETH at around $1,563, about 23% cheaper, effectively increasing...
