BitMine Immersion Technologies, Inc. (NASDAQ:BMNR) shares slipped lower in Wednesday's after-hours trading, even as high-profile investors continued to pour millions into the company.
Investors are watching small caps heat up on an otherwise slow Tuesday morning, with the Russell 2000 climbing 1% and outpacing its larger peers, amid growing bets on a Fed rate cut next month.
As the cryptocurrency market comes to terms with Ethereum’s (CRYPTO: ETH) record highs, predictions about Solana (CRYPTO: SOL) hitting its magic number have also surged.
Wall Street strategist Tom Lee is drawing parallels between Ethereum (CRYPTO: ETH) and the 1971 abandonment of the gold standard, predicting a “very high probability” that the cryptocurrency will eventually flip Bitcoin (CRYPTO:
In addition to Fed commentary, industry watchers are also concerned over network decentralization after it was reported that two mining pools now control more than half of Bitcoin’s hashrate.
Ethereum (CRYPTO: ETH) is expected to undergo a minor correction to the $4,075-$4,150 range by midweek before resuming its upward trajectory, according to Fundstrat co-founder Tom Lee.
Investor risk sentiment paused at the start of the week, as markets awaited details expected to emerge later when President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy and European leaders.
