The post BitMine Adds $70M in Ethereum (ETH), Nears 5% of Total Supply appeared on BitcoinEthereumNews.com.
Ethereum News Ethereum (ETH) treasury firm BitMine Immersion Technologies added roughly $70 million in ETH over a single 24-hour window, on-chain data shows, pushing its holdings toward a self-imposed target of 5% of the entire circulating supply. The purchase, tracked by wallet analysts, follows the company’s disclosure of 42,197 ETH bought the prior week and marks another step in an aggressive accumulation campaign led by chairman Tom Lee. BitMine now ranks among the largest corporate holders of the second-biggest cryptocurrency by market value, and the pace of buying has visibly accelerated as the firm closes in on its supply milestone. According to the company’s own investor-relations disclosure dated July 6, BitMine held 5,742,237 ETH as of July 5, alongside 206 bitcoin, a $180 million equity stake in Beast Industries, a $71 million position in Eightco Holdings, and $527 mil
The post Crypto’s Relief Rally: Here’s What’s Behind ETH and BTC’s Green Week appeared on BitcoinEthereumNews.com.
Key highlights: ETH and BTC performed better than stocks and gold last week Whale wallets bought over 270,000 BTC near the $60,000-$70,000 range Bitcoin ETF outflow streak was also broken with a $221 million inflow Crypto had its best week in months. Bitcoin rose 6.75%, and Ethereum rose 13.54%, easily beating stocks and gold. A new report from crypto trading firm Wintermute breaks down what drove the surge and why some caution is still needed. Wintermute: Weak jobs data and a dovish Fed sparked the rally The rally started with weak U.S. jobs numbers. Only 57,000 jobs were added last week, far below the expected 110,000. It was the weakest report in four months. Unemployment also fell to 4.2%. This weak data reduced the chances that an interest rate hike would happen this year. There were fears that the Federal Reserve was looking into hiking rates sometime this year. Fed
US airstrikes on Iran ended the ceasefire, sending Bitcoin below $62K, Ethereum near $1,700, and Solana down 6.8% as risk-off sentiment gripped all markets.
The post Geopolitical shock sends risk assets into retreat as US airstrikes on Iran rattle markets appeared first on Crypto Briefing.
The post ETH at $1,730: Down 65% With Its Biggest Upgrade Weeks Away appeared on BitcoinEthereumNews.com.
Ethereum (ETH) trades near $1,730, a level last seen in March 2023, after losing 65% from its August 2025 all-time high. Meanwhile, its biggest upgrade since The Merge is approaching with almost no market attention. On-chain activity remains at bull market levels, yet social interest has collapsed. The technical structure, however, keeps pointing lower as a nine-month downtrend presses the Ethereum price against its last major support. Glamsterdam Becomes the Catalyst Nobody Is Watching The Glamsterdam upgrade will be Ethereum’s first major base-layer throughput overhaul since 2022, changing how the network assembles blocks. Crypto analyst Ted Pillows called it the biggest Ethereum upgrade since The Merge. According to his estimates, the gas limit will rise from about 60 million to 200 million, roughly three times higher. He also projects throughput of up to 10,000 transactions per
The post Ethereum Price Prediction: Bulls Target $1,802 Breakout While Sellers Remain Active appeared on BitcoinEthereumNews.com.
ETH holds above the 20-day EMA, but the 50-day EMA remains key resistance ahead. Lower exchange outflows suggest immediate Ethereum selling pressure is easing. Stable open interest signals cautious positioning despite Ethereum’s recovery. Ethereum faces a critical market test as traders evaluate whether the recent recovery can overcome broader bearish conditions. ETH has shown renewed strength after a prolonged decline, but several technical signals suggest the asset still needs stronger confirmation. The cryptocurrency market faced renewed pressure after Japan’s 10-year government bond yields reached a 30-year high of 2.85%. Consequently, risk assets, including crypto, experienced additional selling pressure. Ethereum slipped alongside Bitcoin and the wider market, yet buyers continue defending important support areas. ETH Struggles Below Key Resistance Le
The post Crowd Sentiment Flips Bullish As Bitcoin Reclaims $64K—and That’s Usually A Warning appeared on BitcoinEthereumNews.com.
Retail traders have changed their minds four times in a single month, and the latest swing is raising eyebrows. Bitcoin’s bounce from $58.1K to the $64.1K area has flipped the crowd’s mood to “higher” again, according to the Santiment update. The speed of the reversal is the story, not the price level itself. In early June participants were calling for lower prices. Mid-June flipped to bullish. Late June turned fearful after the dip. Now they are back to expecting upside. Chart watchers will note that every time the crowd got loud about direction this month, the market did something else. That is the mechanic Santiment is pointing toward—a counter-signal tendency where strongly unanimous social expectations tend to precede reversals or stalls. It does not promise a top, but it does suggest the herd is arriving late to the move. Why the “Lower vs. Higher” Cha
The post Ethereum Price Analysis: Fresh Pullback Pushes ETH Further From $2K appeared on BitcoinEthereumNews.com.
Ethereum has been trying to recover from its early June sell-off, but the rebound is getting rejected from a technically significant resistance area. While short-term momentum still remains constructive, both the daily structure and the Coinbase Premium Index suggest buyers still have work to do before confirming a broader trend reversal. Ethereum Price Analysis: The Daily Chart The daily chart shows ETH trading around $1.74K after bouncing from the major demand zone at $1.5K. That area once again attracted buyers and produced a sharp recovery, allowing the asset to attack the $1.85K region once more. Despite the rebound, Ethereum remains below the long-term descending trendline that has capped it since last year. The recovery has also stalled beneath the resistance at $1.85K, which almost aligns with the trendline and represents the first major barrier buyers must overcome
The post Bitcoin whale places $31M short bet – Will BTC drop to $60K again? appeared on BitcoinEthereumNews.com.
Bitcoin [BTC] has closed at lower lows for two consecutive days for the first time in ten days. At press time, Bitcoin traded at $62,714, down 1.04% on the daily charts. Amid this price pullback, traders, especially whales, have begun shorting the market. Bitcoin whale opens a $31M short As BTC faced rejection, falling to $62k, a whale jumped into the market and opened a short position. According to Onchain Lens, a whale opened a 40x short position on 493 BTC worth $31 million. With BTC declining, the whale is already sitting on $220k profit after spending $2k in funding fees. Moreover, the whale’s decision to open a short position showed strong pessimism, anticipating the market to continue declining. Source: Coinglass Interestingly, this was not an isolated case. After briefly spiking above 1 across all exchanges, the Long/Short Ratio fell back to 0.97 as of writing.
Ethereum has been trying to recover from its early June sell-off, but the rebound is getting rejected from a technically significant resistance area. While short-term momentum still remains constructive, both the daily structure and the Coinbase Premium Index suggest buyers still have work to do before confirming a broader trend reversal. Ethereum Price Analysis: The […]
