BitMine has expanded its Ethereum holdings by purchasing an additional 25,000 ETH worth $50 million, despite ongoing bearish market conditions. This follows a recent $237 million Ethereum purchase, reinforcing BitMine's position as the largest Ethereum treasury globally. The purchase was made via a large transfer from the Kraken exchange. While Ethereum struggles to maintain support around $2,000, analysts suggest a potential price bottom near $1,000 if bearish trends continue, but also see chances for a price breakout if the market recovers.
Ethereum's price is under pressure with technical indicators signaling a possible short-term decline. Key support around $1,800 is critical; if it breaks, the market could see further losses. High leverage and positive funding rates show many long po...
The S&P 500 achieved its longest weekly winning streak since 2023, rising nearly 20% from March lows, supported by hopes of a U.S.-Iran ceasefire extension. Brent crude stabilized near $92 a barrel, and Treasuries recovered some losses. However, majo...
Ethereum whale wallets have amassed 17.41 million ETH, nearly 22% of the total supply, reaching a nine-week high during recent market weakness. This accumulation by large holders contrasts with cautious retail sentiment and suggests strategic positio...
The cryptocurrency market is showing signs of bearish pressure as major assets like Bitcoin, Ethereum, and XRP struggle to maintain momentum and key support levels. Bitcoin has fallen below key moving averages and faces potential deeper correction if...
Ethereum's price briefly fell below $2,000 for the first time since March, wiping out all Q2 gains and dropping 19% from its April peak. The decline is driven by weak network activity, low gas fees, and significant outflows from U.S. Spot ETH ETFs, s...
