Zerebro’s 260% jump raises eyebrows, but the reason isn’t what you think!

TLDR Bitcoin ETFs recorded their strongest weekly inflows since July, reaching 20,685 BTC. U.S. Bitcoin ETFs contributed nearly 97% of the total inflows last week. The surge in Bitcoin ETF inflows pushed holdings to a new high of 1.32 million BTC. Fidelity’s FBTC product accounted for 36% of the total inflows, marking an 18-month high. [...] The post Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week appeared first on CoinCentral.

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.