Tom Lee's BitMine Buys the Dip Amid 'Superficial' Crypto Selloff, Adding $214M in Ethereum
Leading Ethereum treasury firm BitMine Immersion Technologies bought the dip, making its largest weekly ETH purchase so far this year.
Crypto News·
With Bitcoin down around 22% for the year, Ethereum off nearly 29% in a single quarter, the Fear and Greed Index buried at 13, and altcoins like Cardano at six-year lows, the question on every crypto holder’s mind has shifted.…
Read full articleLeading Ethereum treasury firm BitMine Immersion Technologies bought the dip, making its largest weekly ETH purchase so far this year.
The Crypto Fear and Greed Index, the most widely watched gauge of market sentiment, has collapsed to 13. That reading sits deep in “extreme fear” territory, the zone where panic, capitulation, and despair dominate the market’s mood. Bitcoin is hovering…
Bitcoin traders are preparing for a series of U.S. inflation reports this week that could determine whether the crypto asset can hold its recent recovery from the $60,000 area or face another wave of selling pressure. According to Trading Economics…
Ethereum’s crash below $1,500 over the weekend has pushed sentiment into one of its most fearful phases since the previous bear market, but crypto analyst Crypto Patel believes the current selloff should be viewed through a longer lens. The analyst’s roadmap places ETH inside a broad accumulation range, with the chart showing that the same movement as previous Ethereum tops and bottoms is still playing out, and Ethereum might be declining into an accumulation zone. Ethereum Enters Panic Zone As Price Revisits $1,500 Ethereum’s weekend drop has brought ETH close to $1,500, extending a painful correction that has already erased a large part of the gains since its August 2025 ATH. Recent market data from TradingView shows ETH briefly touched $1,505 on Saturday, June 6, during a crypto market-wide selloff, a move that has increased panic among traders, as evidenced by various posts on social media platforms. Related Reading: Institutions Are Loading Up On XRP, But Liquidity Tells A Differe
The BTC price is declining more each day as the bear market tightens its grip on the crypto market. Last week, Bitcoin plummeted below $60,000 for the first time since October 2024, marking a new low for this cycle. While overall market sentiment has weighed heavily on the cryptocurrency, several other key factors are driving […]
MetaMask has launched an early access version of Agent Wallet, a new non-custodial product that allows AI agents to execute crypto transactions under user-defined controls across Ethereum-compatible networks and Hyperliquid. According to a press release shared with crypto.news, the wallet…
Bitmine currently holds 5.54 million ETH worth billions, equal to 4.59% of the supply, despite ongoing crypto market weakness.
Ethereum has staged a notable recovery after suffering a steep decline toward the $1.5K region. While the rebound has improved short-term sentiment, the broader structure remains bearish across higher timeframes, with ETH still trading below major moving averages and a long-term descending trendline. The coming sessions will likely determine whether this move evolves into a […]