James Wo, CEO of crypto investment firm DFG, argues bitcoin has stronger institutional support and safe-haven status than ether, which he believes won't reach new all-time highs soon. Wo points out that Ethereum's value is diluted by Layer-2 networks diverting fees and activity, limiting ether's value accrual. He forecasts bitcoin could correct to around $60,000 before reaching a new peak near $125,000 in 2027 or 2028, expecting it to outperform major stock markets. Wo's views contrast with more optimistic ether predictions like Tom Lee's $250,000 target, emphasizing bitcoin's dominant role in crypto investing.
Bitcoin has dropped from $60K to $59K, down 7.9% over the past week, driven by record outflows from spot Bitcoin ETFs that have already surpassed February 2025's $3.6 billion record. This challenges the idea that institutional ETF access would suppor...
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 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 ...
Cryptocurrency markets display varied price changes, with Bitcoin slightly down at $59,876 and Ethereum nearly unchanged at $1,574. Other coins like Solana and Avalanche show gains, while some tokens experience declines. These fluctuations reflect on...
