Bitcoin Swings $2,800 as Traders Dump at $77,882 Peak, Pushing Price Toward $75,100
[ad_1] Key Takeaways: Bitcoin fell to $75,100 on April 29 after the Federal Reserve opted to leave interest rates unchanged. Bitunix analysts warn that rising oil prices may stifle future liquidity for BTC and the crypto economy. Jerome Powell tied the FOMC hold to Middle East tensions, as Brent crude returns to pre-ceasefire levels. Bitcoin’s […]
Is BitMine pushing its Ethereum thesis too far after $6 billion hit?
[ad_1] For months, Tom Lee’s BitMine was known for buying Ethereum, no matter what. The company built a reputation as the most aggressive corporate holder of ETH, betting heavily on Lee’s idea of an Ethereum supercycle. Now, that bet is being tested. After a 22.6% drop, BitMine’s Ethereum portfolio has fallen to about $9.04 billion […]