The cryptocurrency market has been stagnant over the past 24 hours, with Bitcoin trading between the $62,000 and $63,000 regions during that period. Ethereum (ETH), the second-largest cryptocurrency by market cap, is up by less than 1% and continues to trade below $1,700, as per data from various crypto trading platforms, Despite the positive fundamental news, technical indicators suggest that the bears remain in control of the market. BitMine adds nearly 127,000 ETH to its treasury ETH’s poor performance comes despite the Ethereum treasury company BitMine Immersion Technologies significantly expanding its Ethereum position last week. The company announced on Monday that it acquired 126,971 ETH as the cryptocurrency briefly fell toward the $1,500 level.
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