Ethereum extended its selloff today, falling below $2,500 amid broad market stress, leading to an increase in the unrealized loss on BitMine’s investment. At press time, ETH was trading at $2,370, down 12.27% over 24 hours, with weekly and monthly losses of approximately 20% and 21%, respectively. The Ethereum crash followed Bitcoin’s drop, heavy liquidations,
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Matthew Ruthven is a crypto journalist and blockchain strategist with a passion for exploring the intersection of technology, finance, and decentralized governance. With a background in software development and digital economics, he brings a technical yet accessible approach to analyzing the latest trends in cryptocurrency and Web3 innovation.