Bitmine Receives 23,823 Ethereum From BitGo As Institutional Accumulation Continues

NewsBTCSaturday, October 11, 2025 at 2:00:39 AM
Bitmine Receives 23,823 Ethereum From BitGo As Institutional Accumulation Continues
Bitmine has received a significant transfer of 23,823 Ethereum from BitGo, highlighting ongoing institutional interest in the cryptocurrency. Despite Ethereum's recent price drop of 10% to around $4,300, which has raised concerns in the market, large holders appear to be maintaining their confidence. This suggests that the current dip might be a necessary correction rather than a sign of a prolonged downturn, indicating a resilient market that could rebound.
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