Ethereum (ETH) has continued to decline alongside the rest of the crypto market, dropping over 9% in the daily timeframe and reaching new lows. As the cryptocurrency loses a “do-or-die” level, some analysts have expressed concern about ETH’s near-term future. Related Reading Ethereum Correction Targets $1,500 On Thursday, Ethereum, the second-largest cryptocurrency by market capitalization,…
Strategy, formerly known as MicroStrategy, is continuing its long‑standing Bitcoin (BTC) accumulation strategy despite ongoing market weakness and growing concerns around the firm’s unrealized losses. At the same time, Bitmine Immersion Technologies, chaired by well‑known market strategist Tom Lee, has revealed a major expansion of its Ethereum (ETH) holdings, underscoring a broader trend of corporate…
Ethereum (ETH) remains under pressure, trading below the $4,000 mark as bulls attempt to reclaim control following weeks of post-crash uncertainty. The sharp sell-off on October 10 not only flushed leveraged positions across the market but also disrupted the uptrend ETH had been building throughout the summer. Since then, price action has weakened, and momentum…
Ethereum is consolidating just below $2,400, holding in a range that has defined its price action for the past several sessions as the market waits for a catalyst to determine the next directional move. The chart looks patient. The on-chain data is anything but. Related Reading Data from Arkham Intelligence reveals that Bitmine staked another…
Bitmine Immersion Technologies, the second-largest public crypto holding company, provided a detailed update on its Ethereum (ETH) strategy on Monday, along with broader figures covering its crypto portfolio, including total holdings and so-called “moonshots.” The company said its combined crypto-related positions now reach $13.3 billion, while the key focus for investors remains its Ethereum accumulation,…
With Bitcoin (BTC) and Ethereum (ETH) prices facing significant corrections, the two largest publicly traded holders of these cryptocurrencies, Strategy (formerly MicroStrategy) and Bitmine Immersion, have made substantial moves to bolster their portfolios over the past week. Strategy Resumes Bitcoin Acquisitions On Monday, Strategy announced that, between 22 and 28 December, it had acquired 1,129…