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Bitcoin, Ethereum, Dogecoin Gain Ahead of CPI Inflation Data: ETH FOMO Surging Even as BTC, XRP 'Turn Fearful,' Says This Analyst

Aniket Verma

Leading cryptocurrencies posted steady gains on Tuesday, October 13, as investors awaited September’s consumer inflation data against a backdrop of elevated oil prices.

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  1. Dominic Basulto

    The World's Biggest Ethereum Treasury Company Will Stop Buying ETH Soon. That's Why I'm Bearish on Ethereum Right Now.

    Bitmine Immersion Technologies, which holds 4.9% of all Ethereum in circulation ($15.5 billion), plans to stop buying ETH once it reaches the 5% threshold. The author argues this is bearish for Ethereum because Bitmine has been the most persistent buyer over the past 12 months, employing a dollar-cost averaging strategy. With this major demand source disappearing and shifting to yield maximization strategies instead, Ethereum investors may face reduced price support.

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