Ethereum Encounters Unprecedented Supply Deficit Before Possible Surge The circulating supply of Ethereum is decreasing swiftly, as on-chain data shows that over 40% of all ETH is now locked away. Staking, ETFs, and dormant addresses now together account for a substantial portion, greatly constricting the liquidity flow in the market. Experts suggest that this unusual…
Ethereum Strengthens as BlackRock and Vanguard Increase Accumulation Ethereum is picking up bullish momentum after a short dip below $4,000, igniting fresh optimism among investors worldwide. Experts now suggest that this pullback could signify the last correction before a sustained upward rally commences. Notable crypto analyst Mike Investing reported that major institutions such as BitMine,…
Ethereum Price Holds Above $4300 Amid Strong October Rebound Ethereum is currently in a recovery phase, having made a significant rebound from its September lows to trade around $4370 in the early sessions of October. The altcoin momentarily reached $4738 before stabilizing, reflecting an 8% decline from its most recent high. Even with short-term fluctuations,…
BitMine’s $961M Ethereum Acquisition Bolsters Market Assurance BitMine has recently acquired more than $961 million in Ethereum, reinforcing its status as the largest corporate holder with a total of 2.65 million ETH. This calculated acquisition is seen as a purposeful effort to enhance influence and solidify long-term investment standing within Ethereum. By taking advantage of…
BitMine Extends Its Ethereum Lead BitMine Immersion Technologies has strengthened its Ethereum treasury, now holding more than 2,069,443 ETH valued at roughly $9 billion. This move widens the gap between BitMine and other Ethereum treasury firms, securing its place as the largest corporate ETH holder by a wide margin. Alongside Ethereum, the company also holds…
Fundstrat’s Technical Plan for Ethereum There has been a lot of heavy selling in the cryptocurrency market lately, and it has lost more than $200 billion. Tom Lee, co-founder of Fundstrat Global Advisors, is very hopeful that Ethereum’s price could hit a low point in the next few hours. This good outlook is a clear…
The Rise of Ethereum Accumulation Wallets Long-term Ethereum holders are stacking coins. On-chain data shows this trend is unprecedented. Accumulation addresses now control 24.3 million ETH. This is nearly triple the amount seen earlier. This was before the U.S. spot ETF approvals. It fuels speculation that big money is buying. This is a new wave…
Ethereum Becomes Wall Street’s Preferred Token Ethereum is becoming the blockchain of choice for Wall Street. VanEck CEO Jan van Eck thinks so. He manages a $132 billion asset fund. He calls Ethereum the “Wall Street token.” He says financial firms will build on Ethereum. He is not the only one. Wall Street strategist Tom…
A Dormant Ethereum Whale Awakens to Buy the Dip In the dynamic world of cryptocurrency, the movements of large holders, known as “whales,” are often seen as powerful indicators of market sentiment. Recently, a significant event has sent ripples of bullish chatter throughout the Ethereum community. A whale wallet that had been dormant for four…
The Race to a One Million Ethereum Milestone In a significant milestone for the cryptocurrency market, BitMine has officially become the first corporate treasury to hold more than 1 million Ethereum (ETH). The company’s holdings surged to 1.17 million ETH on August 15, with a value exceeding $5 billion at current market prices. This achievement…
