Ethereum’s native token, Ether (ETH), witnessed a major corporate purchase over the weekend as BitMine, the world’s largest institutional Ether holder, bought more than 200,000 ETH during the recent market crash. The firm’s chairman, Tom Lee, who also co-founded Fundstrat Global Advisors, described the crash as a “discount buying opportunity,” spending about $827 million to […] The post BitMine Buys 200,000 ETH During Trump-Led Ethereum Market Crash appeared first on CoinChapter.Ethereum’s native token, Ether (ETH), witnessed a major corporate purchase over the weekend as BitMine, the world’s largest institutional Ether holder, bought more than 200,000 ETH during the recent market crash. The firm’s chairman, Tom Lee, who also co-founded Fundstrat Global Advisors, described the crash as a “discount buying opportunity,” spending about $827 million to […] The post BitMine Buys 200,000 ETH During Trump-Led Ethereum Market Crash appeared first on CoinChapter.

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more