Key Takeaways Ethereum surged nearly 19% in August as Bitcoin dropped 6.5%. In the ETH vs. BTC race, Ethereum looks sharp and Bitcoin feels stuck. Could September finally tip the momentum in ETH’s favor? Ethereum [ETH] has clearly outpaced Bitcoin [BTC] in August ROI. Looking back, BTC has had a rough history in August, logging back-to-back red closes over the …
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BitMine Crypto + Cash Holdings Exceed $8.8 billion, including 1.71 million ETH Tokens BitMine Crypto NAV per share is now $39.84 as of August 24th compared to $22.84 per share on July 27th. BitMine Crypto + Cash holdings of $8.8 billion is a $2.2 billion increase from $6.6 billion reported last week BitMine remains supported by a premier group of …
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Key points: Bitcoin risks falling to $110,530, where the buyers are expected to step in. Bitcoin is approaching a solid support, and a strong rebound off it could see buyers return to ETH, BNB, LINK and MNT. Bitcoin (BTC) is gradually pulling lower, indicating profit booking by short-term traders. Bitfinex analysts said in a report on Monday that BTC could …
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Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As East Asia begins its trading day, BTC is trading at $116,263, down 1.1% on the …
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Key Takeaways Ethereum’s current path higher is backed by exchange outflows. Heavy liquidation clusters between $4,200 and $4,400 mean short-term volatility, which could intensify before a sustained breakout. Ethereum [ETH] exchange balances have dropped to a nine-year low of 14.88 million ETH, with nearly $2 billion worth of tokens withdrawn in just one week. This sharp decline highlights a clear …
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Key Takeaways Since the 14th of August, the total crypto market cap has bled about $220 billion, with Bitcoin [BTC] dropping roughly $130 billion and Ethereum [ETH] seeing $40 billion in outflows. Consequently, both have now slipped under their cycle peaks. And yet, despite BTC’s larger dollar drain, ETH took the heavier technical hit, sliding 8% versus BTC’s 5%. That …
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Altcoins added to their rally during late Tuesday U.S. afternoon hours after Treasury Secretary Scott Bessent suggested the Federal Reserve should consider a 50 basis point rate cut at its upcoming September meeting. “The real thing now to think about is should we get a 50 basis-point rate cut in September,” Bessent told Fox News. Bessent added that the Fed …
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Investing.com — BitMine Immersion (NASDAQ:IMMR) stock soared 12% Monday morning after the company announced that its Ethereum holdings have exceeded 1.15 million tokens, valued at more than $4.96 billion, making it the largest ETH treasury in the world. The company launched its ETH Treasury strategy on June 30, and in just five weeks has significantly expanded its position. BitMine increased …
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Ether (ETH) jumped to $4,200 on Binance early Saturday, its highest since December 2021, after a two-day rally fueled by heavy trading and $207 million in short liquidations. The move followed Friday’s breakout above $4,000 for the first time since December 2024, a technical milestone that drew in fresh buying and set the stage for Saturday’s push higher. Analyst Miles …
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In brief Spot Ethereum ETFs generated over $1.8 billion in investments this week. The nine funds outpaced their Bitcoin counterparts, which added just $70 million. Interest in Ethereum has risen with the passage of a stablecoin bill and rise of Ethereum treasury companies. For a week, at least, spot Ethereum exchange-traded funds outpaced their Bitcoin counterparts. The nine ETFs tracking …
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