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<div class="cryptonews">
 <p class="is-style-lead">Ethereum (ETH) added 3% in the past 24 hours amid a mild recovery in the crypto market. Bitcoin (BTC) also rose above $37,000 after a dip earlier this week, influencing altcoins such as ETH.</p>
 <p>With the market gaining momentum, the focus is shifting to the presale phase of Bitcoin Minetrix (BTCMTX), a new crypto-mining platform.</p>
 <h2 class="wp-block-heading" id="strong-ethereum-adds-7-on-bullish-on-chain-metrics-strong"><strong>Ethereum adds 7% on bullish on-chain metrics</strong></h2>
 <p>The ETH price is up by over 7% from the Nov. 22 low, regaining the crucial $2,000 level.</p>
 <p>This rally comes as the crypto market rebounds from losses sustained following news regarding Binance and former CEO Changpeng Zhao.</p>
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 <p>However, more importantly, the ETH reversal aligns with its bullish on-chain metrics.</p>
 <p>According to FXStreet, the top 200 ETH wallets have been&nbsp;accumulating&nbsp;in the past year.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/aHZGe6md4DuotEUSd9aMx89Oe4uADrB6nbHHW1HbjmbYe-r7e3cvhn69qNsY2MPZ2CqhiylsZGvI-oMpSGtMc3kSlOp9UV8WbdNfzwFvY1eQTMFsKSLp-mpoKfs261QzIAMyBq_5lcD4GdG4M1qPJS8" alt="Ethereum price up 3%, crypto mining token also gaining momentum - 1">
 </figure>
 <p>This formation suggests that “whale” investors are bullish on the coin.</p>
 <p>ETH supply on exchanges has decreased by almost 20% in the past six months, reaching its lowest since May.&nbsp;</p>
 <p>This decrease in supply on exchanges may support prices since it reduces selling pressure.</p>
 <p>Moreover, interest in Ethereum appears to be increasing, as more than 422,000 ETH wallets are currently active. This is a significant surge in the past few days.&nbsp;</p>
 <h2 class="wp-block-heading" id="strong-crypto-market-gains-60b-after-binance-fallout-strong"><strong>Crypto market gains $60b after Binance fallout</strong></h2>
 <p>The broader crypto market also shows signs of recovery following the massive news of Binance’s landmark settlement and the loss of its founder, Changpeng Zhao.</p>
 <p>Bitcoin has rebounded over 5% from Nov. 22 lows, with other altcoins like Solana (SOL), XRP, and Cardano (ADA) also posting sizable gains.</p>
 <p>The total <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> market cap now&nbsp;stands&nbsp;at $1.48 trillion, adding over $60 billion since yesterday.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/POvc8drqc4rLJuEV__1S1vYa9mXHvJDTOJSLfuT7AUi3TNltrC8QeWZ16UufoBHnCkDY20gSr0P37M0XhbXJlR1IT8yi9wBJxbCgjgSzvCY2YtvYgpDFWZXMMMVSQX9KQ4xRi_Z8kd0f750co8eZGKw" alt="Ethereum price up 3%, crypto mining token also gaining momentum - 2">
 </figure>
 <p>This rebound seems driven by optimism that the regulatory uncertainties surrounding crypto might be resolved, particularly following the recent developments with Binance.</p>
 <p>Some analysts say the settlements, while harsh, could provide much-needed clarity for the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> sector’s future progress.</p>
 <p>Additionally, macroeconomic factors like stabilizing inflation data have supported a risk-on environment for <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> as an asset class.</p>
 <p>While risks remain, the market is regaining footing.</p>
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 </div>
 <h2 class="wp-block-heading" id="strong-bitcoin-minetrix-raises-4-2-million-strong"><strong>Bitcoin Minetrix raises $4.2 million</strong></h2>
 <p>As the market stabilizes, attention is turning to a project in its presale phase –&nbsp;Bitcoin Minetrix.</p>
 <p>According to the&nbsp;project’s whitepaper, Bitcoin Minetrix is a decentralized cloud mining platform that allows users to stake BTCMTX and earn BTC rewards.</p>
 <p>Its “Stake-to-Mine” model gives users mining power based on token holdings, eliminating upfront costs, fixed contracts, and hidden fees associated with traditional cloud mining firms.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/Nad2336ljSYwNh1bFixHZQbdIZny00wTlqilQm1xPve9-bkYPgiiqw6t-825pXW6x09y7YoDzWIkJOdPSUrD2M_A9DEjdXjEStM03oJIw3ALfnfb-ZfTVWqCeANuqZnY4Ik7DmiYNXODUsGmwmsEvnM" alt="Ethereum price up 3%, crypto mining token also gaining momentum - 3">
 </figure>
 <p>Being an ERC-20 token on Ethereum,&nbsp;users can stake BTCMTX&nbsp;simply by connecting an Ethereum-compatible wallet.</p>
 <p>Bitcoin Minetrix’s potential is closely tied to the upcoming Bitcoin halving in April 2024.</p>
 <p>As mining rewards get cut in half, Bitcoin could enter a bull run that sends miner profits soaring.</p>
 <p>BTCMTX exposes users to this potential scenario without the need for expensive <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> equipment.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/xa-13FyPpfFjWiHfHPKQ6KP25rtmtLgunpXXZhOP3fbN04VGa1gBhbXoHB9yfushE8Dhm1fTBKI1P7dYfguOPaFB9ngioeXQnh_8WCjTFndHjFRWx4zCyRQnQSBMdcyvA_9XJ5FnglqS8fBbcapAtJU" alt="Ethereum price up 3%, crypto mining token also gaining momentum - 4">
 </figure>
 <p>The project has raised $4.2 million from over 5,400&nbsp;Telegram&nbsp;community members.</p>
 <p>Bitcoin Minetrix is ranked third on&nbsp;CoinSniper.net&nbsp;and second on&nbsp;ICOBench.com.</p>
 <p>The Bitcoin Minetrix roadmap includes plans for a mobile app, exchange listings, and partnering with cloud mining providers.</p>
 <p><strong>Visit the Bitcoin Minetrix presale</strong></p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin Minetrix, a stake-to-mine project, raises over $4m in presale
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-price-up-3-crypto-mining-token-also-gaining-momentum-tbt71399.html">https://thebittimes.com/ethereum-price-up-3-crypto-mining-token-also-gaining-momentum-tbt71399.html</a></p>

Ethereum price up 3%, crypto mining token also gaining momentum

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