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Crypto

Ethereum Hits $2,000 as BMNR Defies Market Sell-Off

Guavy AI Editorial Team
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ETH
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The cryptocurrency market held steady on Monday morning after Ethereum's price climbed back over $2,000. The broader stock market was in the red during pre-market trade as uncertainty in the Middle East weighed on equities.

However, Tom Lee-backed Bitmine Immersion Technologies (BMNR) defied the trend by rising 2% in pre-market trade. This outperformance came after Ethereum's price rose 2.2% in the last 24 hours, leading gains among top cryptocurrencies by market capitalization.

Bitmine is the largest corporate holder of Ethereum on its balance sheet, holding around 4.4 million ETH valued at $8.96 billion. The company usually announces its purchases over the past week later in the day.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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