Tom Lee’s BitMine Buys $82 Million ETH, Shares Soar 11%
join us cable A channel to stay up to date with the latest breaking news Tom Lee’s BitMine Immersion Technologies bought $82 million worth of Ethereum (ETH), sending its shares up 11%. According to the series Data From Arkham Intelligence, cited by Lookonchain, the world’s largest ETH treasury has purchased another 28,625 tokens. The rebound comes after a difficult month for BitMine during which its shares fell more than 42% amid doubts about whether its ETH treasury business model is sustainable. BitMine stock price (Source: Google Finance) Shares are still down 6% last week but are up 190% in the…
Bitcoin’s Sharp Drawdowns Are Healthy and Expected: Pompliano
Institutional investors new to cryptocurrencies may have been caught off guard by bitcoin’s volatility, putting downward pressure on its price, according to cryptocurrency entrepreneur and investor Anthony Pompliano. During an interview on CNBC’s Squawk Box on Monday, in Pompliano He said Bitcoin (Bitcoin) declines about once every 1.5 years, and the recent recession is unlikely to be a surprise Bitcoiners who have been in the game For a long time. “Over the past decade, bitcoin has fallen by 30% or more 21 different times,” Pompliano said. “So Bitcoin users are used to this. Now, the ones who aren’t used to…
My medium term Bitcoin bear thesis – and why this winter could be the shortest yet
Despite all the talk about this course being somewhat “different”, so is its structure Bitcoin The market still seems unambiguously cyclical to me. Every summit brings the same chorus that claims The cycle model is deadAnd every cooling stage renews the idea of this Liquidity alone Now defines the path. But the evidence continues to point in the other direction. The bears may be shorter, the rhythm may be compressed, and all-time highs may continue to creep in early in each epoch, yet the underlying rhythm has not disappeared. My basic thesis about a bear market My practical view is…
What Is Tectonic Crypto – Coinlabz
Tectonic Crypto stands out in the world of cryptocurrencies, as it *offers real-time data* and *insights* to its users. It shines brightly because it uses advanced technology to enhance its system. By delving into Tectonic Crypto, users can get a comprehensive understanding of its functions and how it works in the digital asset space. This platform is designed to provide users with valuable information and analysis, contributing to a deeper understanding of the cryptocurrency landscape. Key takeaways Tectonic Crypto provides real-time data and insights into the cryptocurrency space, using advanced technology and governance functions. The platform offers competitive APYs, an…
XRP sees investor demand rise during one of the largest outflow runs since 2018
Key takeaways XRP saw notable inflows of $89 million last week despite widespread market outflows. Digital asset investment products faced outflows of $1.9 billion, the third largest since 2018. Share this article XRP was one of the few major digital assets to record net inflows last week. CoinShares Research I mentioned About $89 million was transferred into XRP investment products, while most other high-value tokens saw significant withdrawals. However, the positive flow of XRP was not enough to offset losses in other digital assets. Digital asset investment products saw widespread outflows totaling $1.9 billion last week, representing a four-week cumulative…
Crypto Market Cap Flirts With $3T Mark as Bitcoin Was Stopped at $88K: Market Watch
M is the big winner today, while ZEC has lost some of its momentum. The Bitcoin price rebound that began on Friday saw the asset rise to $88,000 earlier in the day, where it faced immediate rejection and now stands $2,000 below it. Most large-cap altcoins were very slow on a daily basis, but ETH remained above $2,800, and XRP stabilized above $2.00. BTC fails at $88k The previous work week started off on the wrong foot, and the moodiness persisted for days. On Monday and Tuesday, BTC was violently rejected at $96,000 and pushed south to below $90,000. Although…
Solana (SOL) Recovery Underway But Momentum Still Needs Stronger Follow-Through
Solana started a recovery wave above the $125 area. SOL price is now consolidating and facing hurdles near the $135 area. SOL price started a good recovery wave above $125 and $128 against the US Dollar. The price is now trading above the $130 level and the 100 hourly simple moving average. There is an uptrend line forming with support at $130 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to rise if it crosses $135 and $140. Solana price aims to recover Solana price remained stable and started a good recovery…
Largest Base DEX Aerodrome Suffers Front-End Breach — Here’s What We Know
Reliable editorial Content, reviewed by leading industry experts and seasoned editors. Advertisement disclosure Aerodrome, the largest decentralized exchange (DEX) based on the Ethereum Layer 2 network, reported a suspected front-end hack on Saturday, November 22. In the early hours of the weekend, the project revealed that it was investigating an attack and asked users to avoid their central domains. Dromos Labs’ sister protocols have been hit by another DNS hijack On Saturday, Aerodrome moved to the X social media platform a report Its ongoing investigations into DNS hijacking of its central domains. Assuring users that all smart contracts remain secure,…
Grayscale and Franklin Load XRP ETFs for Launch—Ripple CEO Sees Pre-Thanksgiving Rush
The surge in new XRP ETFs ahead of Thanksgiving is gaining momentum as issuers respond to growing institutional demand. Multiple launches scheduled for this week indicate expanded regulated access, increased liquidity and broader market participation. Ripple CEO Sees XRP ETF Drive Ahead of Thanksgiving as Grayscale and Franklin Prepare to Go Live Institutional Demand Rising for Cryptocurrency Exposure […]
Bitcoin Price Volatility Inching Toward Pre-ETF Era: Analyst
Bitcoin (Bitcoin) Price volatility has risen over the past two months, indicating a potential return to options-driven price action that sparks significant market moves in both directions. Bitcoin’s implied volatility never exceeded 80% after Bitcoin ETFs were approved in the US, According to By Jeff Park, market analyst and advisor at investment firm Bitwise. However, the chart shared by Park shows that Bitcoin’s volatility is back at around 60 at the time of this writing. Historical Bitcoin volatility levels show significant spikes ahead of Bitcoin ETFs being approved for US markets in 2024. Source: Jeff Park Park cited Bitcoin’s explosive…