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Search results for Aug. 30

Crypto

BitMine builds 5.9 million ether; 5 percent stake possible without further buys

BitMine, led by Tom Lee (톰 리), has lifted its ether holdings to 5.9 million, nearing a goal of securing 5 percent of circulating supply. Most of its holdings are staked, and an analysis suggests staking rewards alone could cover the remaining shortfall under current assumptions. Calculations vary with changes in overall ether supply and staking yields. The firm also faces choices on whether to hold or convert staking rewards into dollars.

Crypto

Bitcoin rebound may not signal end of bear market, new low possible in November

Bitcoin has rebounded strongly, but it is too early to conclude the bear market is over, an analysis said. Fidelity Digital Assets said Bitcoin is following a pattern similar to past cycles, though a new low could still form in November. It said the recent rise does not necessarily signal a trend reversal, despite a roughly 30 percent gain to about $81,639 by Aug. 30 after a U.S. Treasury buyback announcement.

Crypto

Shiba Inu chart bull flag signal raises chance of move toward $0.00001

A bull flag pattern has appeared on Shiba Inu charts, prompting expectations the token could approach $0.00001 in the short term. Blockchain outlet U.Today reported the pattern followed a sharp rise and a mild pullback. Trader SHIB Knight said Shiba Inu could “delete a zero” within days, referring to a move to $0.00001. Shiba Inu rebounded from $0.00000488 and is testing its 200-day moving average at $0.00000537.