List of Flash News about ETH corporate treasury
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Ether (ETH) Price Struggles at $2,400 Despite Major Corporate Buys, While Bitcoin (BTC) Holds $105k Amid Geopolitical Tensions
According to @lookonchain, Ether (ETH) is facing significant price pressure, falling to $2,418.39 amid a broader market selloff. Technical analysis indicates a bearish trend for ETH after it broke below the $2,460 support level, with resistance forming near $2,445. Despite this weakness, corporate adoption is surging, with SharpLink Gaming acquiring an additional 9,468 ETH ($22.8 million) to become the largest publicly traded holder, and BitMine raising $250 million from backers like Pantera and Galaxy Digital to establish ETH as its primary treasury asset. In contrast, Bitcoin (BTC) is holding steady near $105,000, supported by ongoing institutional accumulation and positive regulatory news like the U.S. Senate's approval of the GENIUS Act for stablecoins, as noted by QCP Capital analysts. Derivative markets show caution, with a bias for protective puts on BTC. Meanwhile, Spot BTC ETFs recorded $216.5 million in daily net inflows, while Spot ETH ETFs saw $11.1 million, according to Farside Investors. |