Tom Lee says BitMine will stop buying after holding 5% ETH

[$24.08 million worth of ETH was traded in a single transaction, originating from Hyperliquid perpetual contracts.] Short-term capital moves with intensity, market remains divided on outcomes, and the active intent might still be unclear.

Bitcoin's price fell to $76,676, down 4.83% in the past 24 hours. Ethereum's price fell to $2,280.84, down 6.47% in the past 24 hours.

The S&P 500 Volatility Index (VIX) closed at 24.44 points, up 47.14%, reaching its highest level since April 7. The Dow Jones Industrial Average fell 1.50%, the S&P 500 fell 2.65%, and the Nasdaq Composite fell 4.25%.

The current total market capitalization of cryptocurrencies is $2.63 trillion, a decrease of $52.333 billion in the last 24 hours, representing a drop of 1.94%. Bitcoin accounts for 58.12% of this market capitalization, while Ethereum accounts for 10.55%.

SanDisk, Western Digital, and Seagate Technology all fell by more than 11%. AMD shares fell 11%, hitting a new intraday low since July.