Bitminer additionally purchased 44.34 million USD of Ethereum, aiming to occupy 5% of the global supply.

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Source: DigitalToday Original Title: Bitmain, Ethereum dominates 3%…Tom Lee “ETH goes to $9000” Original Link: Cryptocurrency investment firm Bit Mining has become the focus of market attention due to its additional purchase of $44.34 million worth of Ethereum.

According to blockchain media reports, this transaction ensures that Bit Mining holds about 3% of the global Ethereum supply. According to data analysis firm Arkham, Bit Mining purchased Ethereum through BitGo at a price of $3033 per coin, currently holding 3,629,701 ETH (approximately $1.09 billion). Bit Mining plans to further increase its holdings to 5% of the global supply.

This large-scale purchase is expected to have a direct impact on the market. Historically, within 24-48 hours after institutional investors make significant purchases, the price of Ethereum has shown an increase of 5-10%. Currently, Ethereum is trading around $3029, fluctuating between the support level of $2800 and the resistance level of $3500. The continued buying momentum from Bitcoin miners may drive the price up.

Bitcoin mining leader Tom Lee predicts that the price of Ethereum will reach $9,000 before January 2026. He believes that in the short term, Ethereum may drop to $2,500, but in the long term, it will rise to $7,000-$9,000. Additionally, he pointed out that Bitcoin has the potential to break $100,000 by the end of the year.

Tom Lee analyzes that the Federal Reserve is likely to lower interest rates, which will prompt investors to pour significant funds into the cryptocurrency market.

ETH-0.04%
BTC-1.32%
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