Latin America's largest stock exchange has launched options on Bitcoin, Ether, and Solana futures, allowing exposure without direct crypto custody.
Bitcoin posted a **1.6%** gain this week, with Ether holding steady, even as escalating **US-Iran tensions** impacted global commodity markets.
Bitmine announced a significant acquisition of $74 million worth of Ether, contrasting with MicroStrategy's recent Bitcoin sales.
Bitmine, the second-largest digital asset treasury, acquired an additional $74 million in ether, while "Strategy" sold a portion of its Bitcoin.
Bitcoin and Ether experienced a relief rally, with spot BTC ETFs recording a significant $221 million inflow on July 2.
Bitcoin dipped below $60,000, accompanied by declines in Ether, Solana, and Dogecoin, as a strong U.S. dollar and MicroStrategy's potential BTC sales plan added market pressure.
Bitmine acquired approximately $43 million worth of Ether last week, coinciding with its entry into the Russell 1000 Index.
Cryptocurrency markets diverged sharply from traditional equities this week, with Ether falling 8% as AI stocks drove the S&P 500 to a record.
Tether (USDT) has flipped Ether's (ETH) market cap as ETH routs to $1,500, revisiting crucial long-term support levels last seen in October 2023.
The stablecoin Tether (USDT) has surpassed Ether (ETH) in market capitalization, with ETH's price falling to $1,500 amidst market volatility.
Bitcoin and Ether led $1 billion in liquidation losses, with Bitcoin hitting its lowest point since early June amid a volatile AI trade.
Bitcoin fell towards $62,000, down 5% on the week, as a deepening semiconductor stock rout dragged down broader risk assets.
Over **$170 million** in **Ether (ETH)** long positions were liquidated as the crypto market tumbled and **Bitcoin (BTC)** struggled to maintain **$62,000**.
Ether is facing significant bearish pressure as exchange inflows, slumping demand, and a 31% drop in futures open interest signal a potential selling wave.
Bitmine's chairman projects an astounding 50x surge for Ether, citing AI integration and corporate validators as key drivers for its future valuation.
Fundstrat's Tom Lee predicts Ether could surge to $250,000, driven by the convergence of DeFi and AI, alongside increasing corporate validation on the Ethereum network.