SharpLink Gaming shares closed trading on Monday down over 6.5% after striking a $400 million share purchase deal to buy more Ether.
Bitcoin swiftly reversed direction this week after soaring expectations for new highs gave way to weakening price movement below $120,000, signaling the possibility of further declines.
Ether short-term holders are ramping up their profit-taking as the price of ETH has climbed 43% in the past month.
Ethereum’s market capitalization currently sits at $523 billion, overtaking global payment cards company Mastercard.
Bitcoin maximalist Samson Mow predicted ETH investors will rotate back to BTC, but previous market cycles suggest altcoin growth patterns will continue.
Ethereum bulls make a strong case for an ETH price rally toward $10,000 or above in the next six to eight months.
Ether price excitement boils over as giant targets combine with a countdown to new all-time highs — but ETH/BTC still has a long way to go.
A week after selling $8.3 million in ETH, Arthur Hayes bought back at a higher price, telling Crypto Twitter he’ll “never take profit again.”
Vitalik Buterin’s net worth could be bolstered even more as crypto traders are eyeing new all-time highs for Ether in just days.
The cypherpunk ethos is retreating from the limelight, as institutions and centralized players take center stage, driving new narratives.