Cryptocurrency News: Cryptocurrency prices were mixed early Monday after bitcoin slid lower over the weekend.
Bitcoin traded around $104,000 on Monday, easing from its weekend price above $105,500, according to CoinMarketCap data. LMAX analyst Joel Kruger recently told IBD that the fresh high could set the stage for a measured rally toward $145,000.
Ethereum has rallied more than 39% over the past month to trade around $2,540 — back near late-February levels. ETH peaked around $2,770 on Thursday.
Elsewhere, former "Pharma bro" Martin Shkreli announced he bought into SharpLink Gaming, a sports-betting marketing company that is looking to build up an ethereum treasury. SBET stock rallied 1041% last week.
Meanwhile, bitcoin miners have joined the recent crypto surge after trailing bitcoin's price action through late April. Shares of bitcoin miners generally hit two-month highs last week with most earnings in the rearview mirror.
Hut 8 in May announced that it will take its majority-owned mining subsidiary, American Bitcoin, public in a deal with Gryphon Digital Mining. American Bitcoin was formed in March via a merger between Hut 8 and American Data Centers, which was backed by Eric Trump and Donald Trump Jr.
Trump Media and Technology Group on Tuesday announced a deal to build up a bitcoin treasury. The company plans to raise $2.5 billion in a mix of common stock and convertible senior notes to create the bitcoin treasury. Trump Media in the release said it marks the largest bitcoin treasury deals of any public company. CEO Devin Nunes added that the company plans to evolve into a holding company by acquiring additional profit-generating "crown jewel" assets.
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Bitcoin on May 22 hit a record $111,970 to clear its previous Jan. 20 record above $109,000. The world's largest cryptocurrency rebounded about 157% in 2023, and soared about 119% in 2024. Bitcoin is up about 12% so far this year.
Ethereum on Dec. 16, hit a high of $4,106 to top its previous 52-week high from March 2024. The No. 2 cryptocurrency tumbled 24% in 2025. Ethereum advanced about 46% in 2024, but remains well below its November 2021 peak above $4,800.
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Digital asset investments are extremely volatile. While cryptocurrency's fundamentals and technical indicators may differ, investors should focus on the same key objectives. First, stay protected by learning when it's time to sell, cut losses or capture profits. Second, prepare to profit if the cryptocurrency starts to rebound.
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