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BitMine Immersion’s Ethereum treasury has surged past $6.6 billion, overtaking MARA. Its stock ranks among the most traded in the U.S. despite a recent price dip. Bitmine’s Ethereum Holdings Soar Past $6.6B As Stock Liquidity Surges As of the time of this writing, BitMine has reported holdings of more than 1.52 million Ethereum, valued at
The post Tom Lee’s BitMine Ethereum Treasury Tops $6.6B, Overtakes MARA in Crypto Holdings appeared first on CoinGape.
The post Crypto Market Surge: Bitcoin’s New Peak Fuels Hopes for XRP, ETH, SOL Rallies appeared first on Coinpedia Fintech News
The crypto market has seen impressive gains in the past 24 hours, led by Bitcoin’s historic breakout above $124,000. The world’s largest cryptocurrency surged 3.55% in a day and over 8% in the past week, pushing the total market cap to $4.19 trillion. This rally comes with strong market sentiment, reflected in a Fear & Greed Index reading of 68, indicating greed.
Ethereum also posted a 3.09% daily rise, trading at $4,762 and boasting a massive 30% gain in the last seven days. XRP followed closely with a 3.46% uptick to $3.33, while Solana jumped 4.6% to $206.58, adding to its impressive 23% weekly climb. Dogecoin continued its strong momentum, rallying 7.63% in a day and 24.5% over the week.
Cardano stood out as one of the biggest altcoin winners, soaring 15.25% in 24 hours and over 32% in a week, now nearing the $1 mark. Other movers included Hyperliquid (HYPE), up 7% in a day and 26% over the week, and Stellar (XLM), which climbed 4.78% in 24 hours.
While the broader market remains in a bullish phase, the Altcoin Season Index stands at 43/100, meaning Bitcoin still dominates the rally, though altcoins are catching up fast.
Bitcoin Breaks Past $124K, ETH Follows
Bitcoin crossed $124,000 on Tuesday evening, breaking its previous July high of $123,369 and entering price discovery once again. The rally marks a bullish turn for the crypto market, with analysts expecting more gains in August.
Ethereum also surged past $4,700 before cooling slightly, while altcoins are beginning to pick up momentum as liquidity rotates out of Bitcoin. Historically, Bitcoin leads these runs before funds move into other cryptocurrencies.
Bitcoin has confirmed a breakout, turning $120,000 into a new support level. Market indicators, including the MACD, show bulls in control, with potential for fresh all-time highs soon. While a correction could arrive by early September, sentiment remains strong.
The post Crypto Market Surge: Bitcoin’s New Peak Fuels Hopes for XRP, ETH, SOL Rallies appeared first on Coinpedia Fintech News
The crypto market has seen impressive gains in the past 24 hours, led by Bitcoin’s historic breakout above $124,000. The world’s largest cryptocurrency surged 3.55% in a day and over 8% in the past week, pushing the total market cap to $4.19 trillion. This rally comes with strong market sentiment, reflected in a Fear & …
Americans now own more Bitcoin than gold, with approximately 50 million Americans holding Bitcoin compared to 37 million owning gold.
The trend of viewing Bitcoin as a reserve asset alternative to gold is growing. Bitcoin is becoming integral to the US’s economic plans, purchasing policies, and financial systems.
A May 20 report from Bitcoin investment firm River emphasizes that the US is leading the way in Bitcoin adoption, with significant investments and infrastructure supporting its dominance. Bitcoin’s outperformance over gold in American ownership marks a significant milestone, signaling a major shift in public perception of investment assets.
The report also highlights that the US is at the forefront globally in adopting Bitcoin, with 40% of global Bitcoin companies headquartered there. Also, American firms account for 94.8% of all Bitcoin owned by publicly traded firms worldwide.
This reflects the US’s strong investment in Bitcoin infrastructure, from startups and ETFs to policies supporting cryptocurrency.
Another noteworthy point is the trend of considering Bitcoin as a modern reserve asset alternative to gold. River’s report shows that Bitcoin is becoming an “underestimated pillar” of American economic dominance.
With 790 billion USD worth of Bitcoin held by Americans, Bitcoin is not just an investment asset. It is also integrated into the nation’s economic plans and financial systems.
“Bitcoin is an underestimated pillar of American dominance. Americans have a larger estimated share of the bitcoin supply than of global wealth, GDP, or gold reserves.” River stated
Growing confidence in Bitcoin is reinforced by factors such as the ease of digital storage and transfer and expectations that the US might establish a strategic Bitcoin reserve, as proposed by some politicians. This indicates that Bitcoin is gradually reshaping how Americans perceive safe-haven assets during economic uncertainty, surpassing the traditional role of gold.
Moody’s US credit downgrade ends a century of top ratings, boosting Bitcoin’s appeal as a hedge against fiscal instability.
However, this shift also raises questions about sustainability and risks. While Bitcoin is considered a safe haven asset, its price volatility may make some investors cautious.
Nevertheless, with support from major financial institutions like BlackRock and an increasingly clear regulatory framework, Bitcoin is solidifying its position in the US.
The post Bitcoin Beats Gold as America’s Top Asset — What’s Driving the Shift? appeared first on BeInCrypto.
The post Ethereum Price Prediction: If ETH Can Break $2,800 We Could See $3,300 Soon After appeared first on Coinpedia Fintech News
Investors are monitoring Ethereum intently since it is on the verge of a crucial breakout. Analysts in this Ethereum price prediction say that if ETH can clearly push beyond the $2,800 resistance level, a psychological and technical barrier, it might quickly climb toward $3,300.
Rising institutional interest, a deflationary supply trend following recent network upgrades, and a strengthening macroeconomic environment for crypto assets all support this projection.
Ethereum is currently testing the pivotal $2,800 resistance level, a key focus in recent Ethereum price prediction analyses. Following the successful Pectra upgrade and the Ethereum Foundation’s launch of the Trillion Dollar Security initiative, ETH has shown resilience, trading above $2,450 and aiming for higher targets.
Source: CoinMarketCap
With ETH holding above the 200-day moving average, technical indications point to a bullish momentum. A clear break above $2,800 is expected by analysts to drive Ethereum into the $3,000 level. Notable investments, notably a UK company’s $655 million purchase, emphasize strong institutional interest and hence help the hopeful Ethereum price prediction.
The Relative Strength Index (RSI) shows overbought conditions, which could imply possible short-term corrections. Hence, care is recommended. Still, the general trend is hopeful since Ethereum’s strong foundations and increasing use help to sustain a good prognosis.
Depending on overcoming the $2,800 barrier, the Ethereum price predictions stay good. Success in this project could pave the way for more increases, hence strengthening Ethereum’s standing in the crypto market.
Ethereum is gaining real traction, with strong charts and growing interest from big investors. Experts now believe ETH could climb 20% and reach $3,300 by May 2025, thanks to positive trends and solid institutional support.
Analysts have drawn attention to Ethereum’s approaching key resistance mark around $2,800.
Source: TradingView
A successful breach of this barrier could open the road for ETH to rise towards $3,300 and maybe higher. Investor trust in Ethereum’s long-term worth has also been strengthened by the recent Pectra upgrade, which has helped to create a deflationary trend.
Some, nevertheless, warn that technical signs point to a possible retreat to $2,800 if selling pressure rises and that Ethereum’s price is now consolidating around $3,300. Notwithstanding this, the general mood stays positive since Ethereum’s strong foundations and increasing use help to promote a good view.
The crypto market is rebounding swiftly, and optimistic Ethereum price predictions are fueling momentum across the sector, especially for rising projects like Remittix and its innovative PayFi solution. Aiming to transform global money transfers, Remittix targets the enormous $250 trillion remittance space with a user-friendly platform that allows crypto users to send funds to recipients with bank accounts in over 30 different fiat currencies.
What sets Remittix apart is its transparency and simplicity. It charges a fixed transaction fee with no concealed costs, ensuring affordability and ease of use. Competing with established giants like Stripe and Wise, Remittix goes further by offering the Remittix Pay API, an advanced tool supporting more than 40 cryptocurrencies, enabling businesses to receive crypto payments effortlessly.
The project’s traction is clear, with over 85% of its 1.5 billion RTX token supply already been purchased during the current presale round. Priced at $0.0757, the token’s value is set to rise to $0.0781 in the next phase.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
The post Ethereum Price Prediction: If ETH Can Break $2,800 We Could See $3,300 Soon After appeared first on Coinpedia Fintech News
Investors are monitoring Ethereum intently since it is on the verge of a crucial breakout. Analysts in this Ethereum price prediction say that if ETH can clearly push beyond the $2,800 resistance level, a psychological and technical barrier, it might quickly climb toward $3,300. Rising institutional interest, a deflationary supply trend following recent network upgrades, …