Bitmine's Ethereum bet nears $9 billion loss as ether falls below $1,800
Hex37's read
- Bitmine's Ethereum holdings are nearing a $9 billion loss.
- Ether (ETH) has fallen below the $1,800 price mark.
- The firm's shares are at their lowest since its crypto pivot.
What it means for traders
- Significant unrealized losses on ETH holdings may pressure Bitmine's financial stability.
- A sustained drop below $1,800 could signal further downside for ETH price.
Affected markets
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