Bit Digital, led by Tom Lee, holds over 5.3 million ETH and is currently facing about $8 billion in unrealized losses as Ethereum prices hover near two-year lows below $2,000. Despite the losses, the company recently purchased an additional 8,568 ETH for around $20 million, increasing its total holdings to about 158,462 ETH worth roughly $313 million at current prices. Bit Digital is shifting from a bitcoin mining focus to a strategic asset company emphasizing Ethereum reserves, staking, and AI infrastructure, aiming to generate yield and diversify its business. However, this strategy exposes the company to significant volatility and risks tied to Ethereum's price and staking ecosystem.
Ethereum price retreated after a 5% rally driven by U.S. inflation data, as traders took profits near $1,930. Strong support around $1,850 remains intact, keeping the technical outlook positive with $2,000 as the next key target. Market factors like ...
Ethereum (ETH) has gained over 10% in the past week, currently trading around $1,919 with bullish momentum supported by technical indicators like MACD and RSI. The price is approaching resistance near $1,951, with a potential breakout toward $2,000 i...
BlackRock transferred about 2,152 BTC worth $140 million from Coinbase Prime, coinciding with $181 million inflows into U.S. spot Bitcoin ETFs, highlighting ongoing institutional demand. Despite this, Bitcoin prices remained flat while Ethereum and s...
Bitcoin's most popular call option strike price has shifted down from $80,000 to $70,000, indicating a lower expected price ceiling for the cryptocurrency. Open interest in the $70,000 call option now exceeds $1.6 billion, reflecting traders' bets th...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
