Ethereum News: Bitmine Buys Another 28,086 ETH as Price Falls Below $2,500
Key Insights
- Today’s Ethereum news centers on Bitmine’s latest 28,086 ETH buy.
- Ethereum ETFs posted $48.34 million in daily outflows but stayed positive over seven days.
- Daan Crypto Trades says ETH/BTC keeps its bullish structure while holding above 0.03.
Ethereum news today centers on Bitmine after the company added another 28,086 ETH, worth about $69.44 million, this week. The purchase raised its holdings to 5,929,198 ETH, valued at about $14.66 billion. That position represents about 4.9% of Ethereum’s 122 million token supply. Meanwhile, Ethereum trades near $2,492 after recovering from a session low of $2,442.98.
ETH moved between $2,442.98 and $2,505.13 during the past 24 hours. Buyers now face immediate resistance between $2,500 and $2,505. A sustained move above that area would place $2,520 in focus.
Ethereum News: Bitmine ETH Holdings Reach 5.93 Million
Bitmine valued its Ethereum holdings using a $2,495 ETH price from Coinbase. Beyond ETH, the company also holds 211 Bitcoin and several other assets.
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