Thursday, June 5, 2025
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Market Wrap: Bitcoin Regains $10.6K; High-Balance Ether Addresses Decline

Bitcoin is recovering from Tuesday’s drop while there is a decrease in large-balance ether addresses.Bitcoin (BTC) trading around $10,651 as of 20:00 UTC (4 p.m. ET). Gaining 0.66% over the previous 24 hours.Bitcoin’s 24-hour range: $10,524-$10,683BTC above its 10-day moving average but below the 50-day, a sideways signal for market

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Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight CoinDesk –

In a new twist in Bitmain’s ongoing power struggle, co-founder Jihan Wu has regained the legal representative status of the bitcoin miner maker giant. China’s business registration record update on Sept. 14 shows Wu has again become the legal representative and executive director of Beijing Bitmain Technology, the operating entity of

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