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BitMine (BMNR) buys 54K ETH as Tom Lee cites reason for crypto weakness

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BitMine Immersion Technologies (BMNR), the digital investment company focused on Ethereum, said on Monday that it acquired over 54,000 ether ETH$3,181.42 last week worth about $173 million in current prices. The firm now holds nearly 3.6 million ETH, closing in on 3% of the token’s outstanding supply, along with a small bitcoin stash and equity […]

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BTC supply in losses held by short-term holders at highest level since FTX collapse

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Short-term holders (STHs) are now almost completely underwater on their latest bitcoin BTC$94,937.45 purchase. Glassnode defines STHs as entities that have held bitcoin for less than 155 days. On June 15th (155 days ago), bitcoin was trading at $104,000, meaning that almost all coins acquired since then are above current spot levels. Glassnode data shows

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Still Hope for Bulls: Crypto Diary Americas

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By Omkar Godbole (All times ET unless otherwise noted) The cryptocurrency market is in a mixed mood, with some recent outperformers facing pressure while major cryptocurrencies remain resilient. Privacy focused coins monero XMR$411.32 and zcash ZEC$688.79 fell more than 4% in the last 24 hours, in contrast to relatively stable trading in bitcoin BTC$95,789.16ether ETH$3,204.60,

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BTC, ETH prices sink to lowest in months as liquidity dries up

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Bitcoin BTC$95,603.79 and ether ETH$3,206.89 remaining in bearish territory after a torrid weekend took both assets to multi-month lows of $93,400 and $3,050. The sell-off acted as confirmation of a downtrend with a series of lower highs and lower lows now present across multiple timeframes. If BTC falls to $92,840, it would trigger a $62

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XRP up 89% as BTC, ETH and CoinDesk 20 layers over 365 days

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The recent crypto woes have pushed bitcoin BTC$95,723.17ether ETH$3,201.56and major CoinDesk indices down to the point where they post muted or negative returns over the past 365 days – an enviable position that only XRP has managed to avoid. As of Sunday, payments-focused XRP was up 89% over the past 365 days, significantly outpacing the

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