crypto market,crypto rally, fed liquidity. Photo by BeInCrypto The Federal Reserve has injected an estimated $37 billion into the US banking system since last Friday. Despite this influx of capital, investor sentiment in cryptocurrency markets has plunged to levels of extreme fear. Major assets are posting sharp declines, and the sector's total capitalization has slipped 6.11% this month. Liquidity In, Prices Down: The Fed–Crypto Disconnect Explained According to the latest data, on November 3, the Fede ...

Core Insights - BitMine Immersion Technologies (BMNR) has added over $294 million in Ethereum (ETH) recently, acquiring a total of 3,395,422 ETH, which represents more than 2.8% of the circulating supply at an average price of $3,909 [1][5] - Despite a decline in ETH price to $3,617, down over 6% in the last 24 hours, and a drop in BMNR shares by more than 8% on Monday, the company's Chairman remains optimistic about a year-end rally for Bitcoin and Ethereum [2][3] - The market is currently consolidating, with fundamentals such as stablecoin volume and application revenues at all-time highs, indicating potential for price increases [3] Company Position - BitMine holds over $12.5 billion worth of ETH, making it the second largest crypto treasury, following Strategy, which holds more than $69 billion in Bitcoin [5] - The company also has 192 Bitcoin valued at around $20 million, a $62 million stake in EightCo Holdings, and approximately $389 million in cash [5] Market Predictions - The Chairman predicts a potential price increase for Bitcoin to $150,000 or $200,000 and for Ethereum to $7,000 by year-end [4] - A Myriad prediction market indicates that 95% of respondents believe BitMine will surpass SharpLine Gaming in ETH holdings by the end of the year [6]

A crypto market rally is happening today, with Bitcoin and most altcoins being in the green. Bitcoin price rose to $110,000 from last week's low of $103,000, while altcoins like Mantle, MemeCore, SPX6900, and Bittensor rising by over 10% in the last 24 hours. ...

Company Overview - BitMine Immersion Technologies (NYSE: BMNR) has made significant Ethereum purchases, acquiring an additional $200 million worth of ETH on September 11, bringing its total holdings to over 2.1 million ETH valued at more than $9.2 billion [1][2][3] Market Activity - The price of ETH has shown signs of recovery, increasing by 3% to $4,440 amid a broader crypto market rally [1][5] - Daily trading volume in Ethereum has surged by 38% to $41.5 billion, indicating strong bullish sentiment among traders [6] - Inflows into spot Ethereum ETFs have resumed, with net inflows reaching $1,761 million on September 10, led by BlackRock iShares Ethereum Trust (ETHA) [7] Competitive Position - BitMine remains the largest corporate holder of Ethereum, significantly ahead of its closest competitor, Sharplink Gaming, which holds 837,000 ETH [3] - BitMine's recent purchases nearly matched the total ETH accumulated by all treasury firms in the previous week, highlighting its aggressive acquisition strategy [3][4] Financial Performance - BMNR stock has experienced a trend reversal after a 23% correction over the past month, with a 5% increase observed on the weekly chart [4]