Woke up to find $ETH already at 1,743, down 9.75% in 24 hours and at a 30-day low 😳
PANews reports that BitMine's unrealized losses on its Ethereum holdings have widened to around $9.7 billion. They made quite a splash when they bought in, and now the losses on paper look just as ugly.
Meanwhile, $BTC is down 6.78% and $BNB is down 8.46%. Ethereum has fallen harder than both of the big boys in this downturn. I really can't make sense of this price action; I doubt anyone dares to buy the altcoins right now either.
#ETH
PANews reports that BitMine's unrealized losses on its Ethereum holdings have widened to around $9.7 billion. They made quite a splash when they bought in, and now the losses on paper look just as ugly.
Meanwhile, $BTC is down 6.78% and $BNB is down 8.46%. Ethereum has fallen harder than both of the big boys in this downturn. I really can't make sense of this price action; I doubt anyone dares to buy the altcoins right now either.
#ETH
