Altcoins News

Story: Bitcoin Climbs to $64,450 as Bitmine Nears 5% of Ethereum Supply

By Maheen Hernandez

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Strategy's Sale and What It Actually Meant. The Strategy sale spooked markets initially, and that's pretty understandable.

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Ripple's MiCA Win, Hoskinson's Ethereum Dig. Ripple had a good week on the regulatory front. The company secured a full MiCA license from…

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Bitmine's Ethereum Accumulation Strategy. Bitmine kept buying. The company picked up another 42,197 ETH, pushing its total holdings to…

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Bitcoin hit $64,450 this week, up 3.5%, even as corporate selling and geopolitical noise rattled traders. Not a clean week. Not even close.

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The move started Monday when Bitcoin pushed past $64,000, bouncing back hard from a dip below $58,000 the previous week.

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Ethereum also moved. It climbed nearly 3% to $1,800.

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The Strategy sale spooked markets initially, and that's pretty understandable. When the single biggest corporate Bitcoin holder starts moving coins, people assume the worst.

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US-Iran tensions had already been grinding on sentiment before the sale. Mutual strikes reignited fears mid-week and pushed Bitcoin into choppier territory.

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That dominance number is worth noting — it's been creeping up, and it tells you a lot about where capital is sitting right now. Altcoins aren't getting the same love.

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Ripple had a good week on the regulatory front. The company secured a full MiCA license from Luxembourg's regulator, which means it can now operate as a regulated crypto asset…

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Related: Standard Chartered Predicts Bitcoin at $100,000 Despite Strategys Major BTC Sale

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Charles Hoskinson didn't let the week pass quietly. He went after Ethereum, accusing the network of lifting Cardano's concepts without giving any credit.

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Bitmine kept buying. The company picked up another 42,197 ETH, pushing its total holdings to roughly 4.8% of Ethereum's circulating supply.

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And yet the company isn't flinching. Bitmine says it expects more than $200 million in annualized staking rewards, and that's where its focus seems to be — not the paper losses,…

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Ethereum itself has its own catalyst sitting on the horizon. The upcoming Glamsterdam upgrade has analysts watching closely.

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