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BitMine Stock Jumps As Ethereum Rebounds – BitMine Immersion (AMEX:BMNR)

Bitmine Immersion Technologies Inc (NYSEAMERICAN: BMNR) jumped in premarket trading Wednesday, as Ethereum (CRYPTO: ETH) staged a recovery.

Ethereum’s bounce comes after a brutal stretch that saw the asset shed roughly 38% over the past month.

Crypto trader Don Wedge had flagged the setup, noting that ETH was sitting at a major support zone with two likely paths — either a bounce from current levels, or a sweep of key support before reversing higher.

BitMine’s Massive Accumulation

BitMine has been aggressively building its Ethereum treasury through the downturn. The company acquired 51,162 ETH for $98 million last week, lifting total holdings to approximately 4.4 million ETH —…

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10h
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Bitcoin Critic David Stockman Gets Reality Check After Popular Analyst Likens BTC Slump To Drawdowns In ‘Trillion Dollar Stocks’ Like Nvidia, Amazon

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12h
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Ethereum Co-Founder Vitalik Buterin Wants Anthropic To Do The Honorable Thing And ‘Eat The Consequences’ In Resisting Autonomous Weapons, Surveillance

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13h
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Michael Saylor’s MSTR Becomes World’s Most Shorted Stock — But Why Does Tom Lee Think This Is A Bullish Signal For Bitcoin? – Coinbase Global (NASDAQ:COIN)

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14h
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Bitcoin, Ethereum, XRP, Dogecoin Recover But ‘Extreme Fear’ Sentiment Lingers: Analyst Says Markets Will Remain ‘Boring’ Until This Day – Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)

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19h
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U.S. Treasury Sanctions Russian Exploit Broker Over Crypto Cyber Theft

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