Bitmine Immersion Technologies Inc. (NYSE:BMNR) stock declined on Friday as Ethereum (CRYPTO: ETH) extended losses during afternoon trading.
Ethereum Drops 6% Despite Lee’s Warning
Ethereum plunged 6% on Friday to $2,743.53, while Bitcoin (CRYPTO: BTC) traded at $83,195.06. Fundstrat’s Tom Lee urged investors not to abandon Ethereum out of fear of missing out (FOMO), responding to a post from Bitmine that highlighted gold and silver’s year-to-date surge of 18% and 52%, respectively.
“Own what works. But don’t let FOMO make you abandon good ideas,” Lee stated, according to …Full story available on Benzinga.com
Bitcoin Price Faces Structural Pressure as Losses Spread Across On-Chain Holders
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