BREAKING: ETHEREUM POISED TO EXIT CRYPTO WINTERFundstrat's Tom Lee says $ETH showing signs of cyclical turn at Hong Kong Futu Expo.Lee Cites historical analogs to 1987 S&P crash and 2011 selloff, plus on-chain cost-basis data suggesting selloff exhaustion. https://t.co/SLCyuyLcZ4 ...

Ethereum is bottoming today. We think we're exiting the crypto winter now. Millionaires are made in crypto when the market crashes, yet asset fundamentals start to compound and then skyrocket.And that is exactly what is happening in crypto today. The bigger the crash, the bigger the opportunity. Especially if you know what coins to buy because you can see what's happening behind the scenes and you understand what comes next.But you have to be greedy when others are fearful. That's the best way to get rich w ...

Core Insights - BitMine Immersion Technologies (BMNR) has significantly increased its Ethereum (ETH) purchases, acquiring 60,999 ETH worth approximately $138 million in the last week as ETH prices reached a six-week high [1] - The firm’s total ETH holdings now exceed 4.5 million ETH, valued at over $10.5 billion, with ETH recently trading around $2,288 [1] - BitMine's Chairman, Tom Lee, indicated that the firm is optimistic about ETH's performance, suggesting it is in the final stages of a 'mini-crypto winter' [2] Group 1: Recent Purchases and Performance - BitMine has accelerated its ETH acquisitions, increasing from an average of 45,000-50,000 ETH weekly to around 61,000 ETH in the last two weeks [2] - Since the onset of the Iran war, Ethereum has outperformed the S&P 500 by 2,450 basis points (24.5%) in just two weeks [3] - The firm has employed various acquisition methods, including a direct purchase of 5,000 ETH worth about $10.2 million from the Ethereum Foundation [3] Group 2: Staking and Revenue - BitMine is staking 3,040,515 ETH, valued at approximately $6.9 billion, which constitutes 66% of its total supply, generating an annualized staking revenue of around $180 million [4] - The firm anticipates that when its entire ETH stack is staked, it could yield rewards of about $272 million annually based on a 7-day yield rate of 2.81% [4] Group 3: Strategic Investments - In addition to its ETH activities, BitMine's Chairman joined the board of directors at Eightco, an AI and blockchain firm, and the company invested an additional $75 million in Eightco, raising its total stake to $83 million [5] - BitMine currently holds $1.2 billion in cash, indicating a strong liquidity position [5]

Tom Lee’s BitMine Buys Another 60,000 Ethereum Despite Volatility BitMine Immersion Technologies (NYSE: $BMNR), the serial cryptocurrency acquirer run by investor Tom Lee, has bought another 60,999 Ethereum (CRYPTO: $ETH) despite ongoing price volatility.  BitMine continues to build its holdings of the second-largest cryptocurrency by market capitalization and has a stated goal to acquire 5% of the total Ethereum supply. The latest ETH buy was the company's biggest of the year and worth nearly $140 millio ...

Market Overview - The market is experiencing a positive trend, with significant gains observed this week, particularly following recent events in Iran [1] - Disruptions in the market were anticipated to cause a larger spike in crude oil prices, but only an 8% increase occurred, which is considered calm for the market [2][3] Oil Market Dynamics - The swift military operations in the region have contributed to a stabilization of crude oil prices, with a retreat noted for the first session since the outbreak of tensions [6] - The focus on defense stocks such as Lockheed Martin and Northrop Grumman is heightened due to the current geopolitical situation, as these companies are seen as superior to alternatives available to Iran [5] Energy Sector Insights - Energy stocks are currently attracting attention, with companies involved in oil production, such as Chevron, being highlighted for their performance in the market [10] - The demand for crude oil and natural gas is expected to remain strong, indicating ongoing interest in energy players [10] Cryptocurrency Market Trends - Bitcoin prices have surged, reaching the highest levels in a month, surpassing the $70,000 mark and approaching $73,000 [11] - Bit Deer Technology (BTDR), a blockchain tech company, is experiencing significant upside bets, indicating investor confidence in the sector [12][14] Investment Sentiment - Current trading activity suggests that investors are leaning into the market rather than hedging against risks, particularly in the context of rising oil prices [7] - The focus on short-term recovery bets in the cryptocurrency market indicates a cautious approach, with some investors looking for longer-term positions in specific assets like Bit Deer [18][19]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Investment company Jane Street is not behind the recent Bitcoin downturn, Bitwise investment chief Matt Hougan says. Over the past week, cryptocurrency proponents have accused Jane Street of engineering the asset’s recent downturn with programmatic sales. The accusations emerged after a lawsuit from the Terraform Labs bankruptcy administrator alleged that the company had a hand in the Terra/LUNA collapse. ...

Have you woken up in the middle of the night and looked at where Ethereum is and said, "I I can't go back to sleep." >> No. >> Yeah. You're not worried yet.>> If you hold cryptocurrency, this is really interesting. >> I mean, nobody likes to see headlines and the images of explosions and war. >> After 1 2 3 4 5 months of consecutive selling, we begin March in the green.And I will share with you this Tom Lee clip. This is important. Tom Lee calls the CNBC hosts foolish for being bearish on Ethereum.>> Does t ...

MEXC Digest #14: Crypto Winter Lingers, But Is the Thaw Starting?Catch this week’s key narratives, charts, and trends, all in one scroll.👉 Read now: https://t.co/wiwv8JUjQx https://t.co/9Ji4Qe7sHK ...

Bitwise CIO says DeFi could lead market out of crypto winter as Strategy's Saylor predicts bitcoin recovery https://t.co/uL0SrRiA0g ...

Core Viewpoint - Bitcoin has been trading in a narrow range between $62,000 and $70,000, significantly lower than its all-time high of $126,000 reached on October 6th. Despite this, one company, Strategy, continues to invest heavily in Bitcoin, holding approximately 717,131 Bitcoin, while its stock has declined by about 63% since October [1][2][3]. Company Overview - Strategy has made its 99th Bitcoin purchase, acquiring an additional 2,486 Bitcoin for $168.4 million [3][4]. - The company's average acquisition price for Bitcoin is around $76,000, which is above current market levels, leading to unrealized losses [7][8]. - The company has raised $55 billion in capital, with only $8 billion being debt, allowing it to maintain a strong balance sheet despite Bitcoin's price fluctuations [10][9]. Market Conditions - The current market is described as a "crypto winter," but it is expected to be milder and shorter than previous downturns, with a potential recovery in the future [4][5]. - The banking sector is more supportive of Bitcoin now than in previous years, with significant advancements in digital asset infrastructure [5][6]. Investment Strategy - Strategy plans to continue purchasing Bitcoin regularly, regardless of short-term price movements, indicating a long-term investment approach [11][12]. - The company has sufficient capital to sustain operations for the next 50 to 60 years, allowing it to weather market downturns without immediate pressure [13][15]. Financial Instruments - Strategy has introduced a digital credit instrument, STRC, which offers an 11% dividend yield to shareholders, backed by its Bitcoin holdings [17][19]. - The company expects Bitcoin to appreciate more than 20% annually, enabling it to provide substantial returns to both credit and equity investors [19][20]. Future Outlook - Bitcoin is viewed as a superior asset compared to gold, with its price driven by various factors including scarcity, digital transformation of finance, and global property appeal [25][26]. - The company believes that holding Bitcoin will outperform traditional investments like the S&P 500 over a four-year cycle [16].