Fundstrat co-founder Tom Lee says Ethereum is nearing a cyclical low, arguing that on-chain fundamentals and relative valuation versus Bitcoin indicate that ETH is “pretty close to bottoming this week.” “Personally, I think that we’re pretty close to bottoming this week,” Lee told CNBC, linking the current drawdown to a broader crypto correction that began…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Amid the recent market recovery, Ethereum (ETH) is retesting a key level as support for the first time in a week, leading some market watchers to suggest that the highly anticipated end-of-year run may be delayed for a few more weeks. Related Reading Ethereum Eyes Next Key Level On Monday, Ethereum retested a crucial level…
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…
BitMine’s Chairman, Tom Lee, has shared his perspective on the recent surge of crypto-focused treasury companies and the future of this multi-billion-dollar trend. Related Reading Crypto DATs Bubble Already Burst On Thursday, BitMine’s Chairman Thomas “Tom” Lee joined Fortune’s Crypto Playbook Podcast to discuss the surge of Digital Assets Treasury (DAT) companies and why he…
As BitMine continues to bet on Ethereum (ETH), the King of Altcoins is eyeing a crucial resistance level that could set the stage for a new breakout, leading some analysts to suggest that a new all-time high (ATH) is around the corner. Related Reading Ethereum Ready For New Highs? On Monday, Ethereum rallied to a…
BitMine Immersion Technologies has added nearly $70 million worth of Ethereum to its holdings, pushing the company’s ETH stash to a value near $8.66 billion. Related Reading Based on reports, the purchases were made through Galaxy Digital’s over-the-counter desk and arrived in several chunks rather than a single block. Purchase Broken Into Four Tranches The…
Ethereum continues to display resilience in the face of recent volatility, holding firmly above the $4,200 level. Despite this strength, ETH has yet to break decisively above $4,500—a critical barrier that would confirm the next leg of its uptrend. Instead, selling pressure is mounting as the broader market feels the weight of profit-taking and uncertainty,…
BitMine Immersion Technologies saw its stock sink nearly 8% this week, yet that didn’t stop Cathie Wood’s ARK Invest from pouring another $15.6 million into the company. Related Reading The latest move comes during a period of heightened volatility in both equities and crypto markets. ARK Expands Its Holdings According to ARK’s trading disclosures on…
Up to $2 billion in long positions face liquidation amid this Ethereum price crash. These positions would get liquidated if ETH drops to $4,200. Meanwhile, the ongoing wave of sell-offs puts the largest altcoin by market cap at risk of dropping to this level. $2 Billion In Liquidations On The Horizon Amid Ethereum Price Crash…