Smart money made over $20 million on TRUMP and ZEREBRO and bought $276,000 of AVA in 10 days

The post Can Ethereum (ETH) Price Hit $5k as Bitmine Bets Another $29M in ETH? appeared on BitcoinEthereumNews.com. Ethereum (ETH) recorded massive selling pressure over the past few days amid a broader crypto market selloff. In this light, ETH price surged more than 2% at the time of writing, and hovered near the $3,900 mark. However, it appears that corporations are actively betting on the asset, indicating their long-term confidence in the asset. For context, Bitmine has continued to bet on the second-largest crypto by market, with the latest accumulation recorded today. As the Ethereum ETF momentum faded this week, it seems that the corporations are shifting towards the buy-the-dip strategy. Besides, several market pundits have shared an optimistic outlook for the ETH price, hinting at a potential rally to $5,000. So, here we explore the latest developments in the Ethereum market and see what may lie ahead for the coin. Ethereum (ETH) Price Soars as Bitmine Bags ETH Ethereum price has recorded a surge of over 2% today and exchanged hands at $3,895 at the time of writing. The crypto has touched a 24-hour high and low of $3,900 and $3,807, respectively, and its trading volume fell 42% to $23 billion. Despite the recent surge, the crypto has lost nearly 1.5% over the last seven days, while witnessing a plunge of 13% in the monthly chart. The dip could be attributed to the broader crypto market crash, which has wiped out much of the gains from the digital assets. Notably, the latest surge could be attributed to the soaring corporate interest in the ETH price. According to Lookonchain data, the ETH treasury firm Bitmine has continued to put its bet on the Ethereum price. According to the latest report, Bitmine has spent $29.27 million to purchase 7,660 ETH. This indicates that the firm is confident in the potential future movements of the altcoin. However, this also comes…

Lark Davis called November bitcoin’s strongest month with a 42.5% average gain; the median is far lower and a single outlier year does much of the lifting.

The post Crypto News: ETF Inflows Surge, but SOL Faces Resistance Near $203 and $212, Here Is Why MUTM Is The Best Crypto To Buy appeared on BitcoinEthereumNews.com. The current influx in ETF investments has infused new funds into the crypto market, but it has not changed the fact that altcoins such as Solana have been facing obstacles in terms of prices. There has been massive investment in ETFs related to Bitcoin and Ethereum in the last quarter, marking renewed faith in cryptos with the onset of economic change. Solana, being a strong altcoin, has numerous times been arrested at the $203 and $212 mark due to selling pressures from persons who took profits in the altcoin. This is because it emphasizes the importance of making informed decisions on the best crypto to invest in, with the key aspect being growth and sustainability in these volatile markets. On the other hand, there is Mutuum Finance (MUTM), one of the most prominent DeFi cryptos that has garnered intense attention from over 17,660 investors since the onset of its presale event, with $18,270,000 in funds raised so far. Solana Resistance Challenges Solana has resisted key areas around $203 and $212 for weeks now, while market players observe ETF injection-related growth in the crypto market without resulting in higher prices for Solana. The bears have completely controlled these areas, resulting in Solana crashing after short periods of rises in prices, thereby disappointing Solana investors who seek to benefit instantly from it despite it being known for high speed and an exciting network. On the other hand, these challenges highlight why investors are turning to more dependable opportunities such as the best crypto to buy, in which steady progress beats intermittent rallies. Therefore, while SOL remains in limbo, new projects with real-world value are gaining importance because they avoid volatility pitfalls. Mutuum Finance Presale Activity Mutuum Finance (MUTM) has rushed the presale in Phase 6, with 85% of the tokens sold, giving…