BitMine Buys $250M in Ether, Analyst Eyes $4,440

Ethereum faced renewed selling pressure on Oct. 21, slipping below the $4,000 mark, down about 5% in the past 24 hours. While retail investors reacted nervously to the decline, institutional players appeared to see opportunity instead of fear. According to on-chain data, wallets linked to blockchain infrastructure firm BitMine acquired 63,539 ETH worth roughly$ 251 million amid the market drop. The transactions were made from major exchanges Kraken and BitGo to three new wallets associated with the compan ...