Alan Rogers: BTC at $62K as Bitmine acquires 40,000 ETH

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Daria Chernytska

1 hour ago

Alan Rogers: BTC at $62K as Bitmine acquires 40,000 ETH — BTC at $62K as Bitmine buys ETH

Alan Rogers provides a snapshot of the cryptocurrency market, reporting BTC trading at $62,000 and ETH at $1,730. The total crypto market cap stands at $2.224 trillion.

Bitmine, under the leadership of Tom Lee, has acquired another 40,000 ETH valued at $71.6 million through FalconX and Kraken. ETF flows on July 7 showed positive inflows for BTC, ETH, and SOL.

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Rogers previously reported that Bitcoin, Ethereum, Solana and XRP ETFs recorded net inflows in U.S. markets as Bitmine added 20,000 ETH via FalconX, according to a June update on crypto ETF activity. His recent coverage also noted Elon Musk's net worth topping Bitcoin's market cap as SpaceX approached a $2.9 trillion valuation, nearing Microsoft levels, as detailed in a separate report. These developments provide context for ongoing institutional movements in digital assets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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