Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock
BitMine Immersion Technologies saw its stock sink nearly 8% this week, yet that didn’t stop Cathie Wood’s ARK Invest from pouring another $15.6 million into the company. Related Reading: A New Vision For Money: Hoskinson Predicts Bitcoin Will Hit $10 Trillion The latest move comes during a period of heightened volatility in both equities and crypto markets. ARK Expands Its Holdings According to ARK’s trading disclosures on August 27, the firm bought 339,113 BitMine shares spread across three ETFs. The ARK Innovation ETF acquired 227,569 shares valued at a little over $10 million, while the....
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Bitcoin’s rally and its doubters remain on a collision course as the market pauses after a run of record highs. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock According to CoinGecko, Bitcoin hit $124,050 on July 14 and was trading around $109,124 at the time of publication. The pullback has not stopped some voices from projecting far higher prices, but it has kept sceptics loud. Skepticism Will Likely Persist According to Luke Broyles, a commentator known as The Bitcoin Adviser, doubt about bitcoin’s upside will probably stick around even if....
Optimism is running high among supporters of XRP as Canary Capital CEO Steve McClurg claimed that the long-awaited XRP spot ETFs could see inflows of $5 billion in their first month. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock His comments, shared during a Friday interview, highlighted his belief that the funds would even outperform Ethereum ETFs, which have so far struggled to attract money from institutional investors. Ethereum ETFs Struggle While XRP Builds Optimism Bitcoin’s debut in the ETF market brought in $1.5 billion in net inflows in....
US-based crypto ETFs have witnessed a change in dynamics in August, which has seen inflows tipping towards Ethereum ETFs. However, last week’s trend of strong inflows ended with substantial outflows on Friday, with Ethereum ETFs leading the retreat with $164.64 million and Bitcoin ETFs following with $126.64 million. This sudden reversal coincides with an interesting timing of stubborn inflation data that seems to have rattled institutional investors. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock A Sudden Reversal At Week’s End According to....
XRP has been facing a stretch of weakness in recent days, struggling to hold above the $3.00 mark and instead pushing downwards below it. Price action on the 4-hour chart shows the token moving within a downward structure, and it broke below $2.9 in the past 24 hours. It is within this context that crypto analyst DustyBC Crypto shared a bearish outlook, pointing out that XRP has not yet reached its first downside target and warning that more decline could still unfold before it enters any new uptrend. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock....
According to pseudonymous Bitcoin analyst PlanC, the road to $1,000,000 per coin might look a lot less pronounced than many expect. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock PlanC floated the idea that, instead of sharp parabolic runs, Bitcoin could “slow-grind” higher — inching upward over the next seven years and quietly reaching $1 million by 2032. What if the earlier “Bitcoin cycles” were nothing more than the product of a retail-dominated, FOMO-fueled market? What if, from here on, Bitcoin simply slow-grinds up and to the right, with....