Bitcoin (BTC) trades in green above $111,800 on Monday, supported by growing optimism over potential Federal Reserve (Fed) interest rate cuts and renewed institutional demand.
Bitcoin (BTC) extends its decline this week, trading below $110,000 at the time of writing on Friday. The largest cryptocurrency has fallen more than 10% from its August record high, with over $1.8 billion in liquidations rattling crypto markets, mostly from long positions.
Ethereum (ETH) experienced a 3% decline on Monday as BitMine (BMNR) revealed that it had increased its treasury by 373,000 ETH, valued at approximately $1.7 billion.