Ethereum (ETH) has recently dropped below the 2,500 USDT mark, trading at 2,498 USDT, with a slight 0.42% decrease in the last 24 hours. Meanwhile, Bitcoin (BTC) also saw a decline, falling to 104,979.53 USDT, despite a 0.61% increase in the same timeframe. In the mining sector, Bitcoin’s mining difficulty has slightly decreased, currently at approximately 126.4 trillion, as miners face financial pressures from rising operational costs and reduced block rewards post-April 2024 halving. Notably, companies are increasingly accumulating Bitcoin as a treasury asset, with firms like MARA and CleanSpark reporting significant increases in their Bitcoin output. This trend raises concerns about the centralization of Bitcoin ownership, as corporate treasuries now hold a substantial portion of the circulating supply. Additionally, Ethereum is being positioned as a foundational asset for the digital economy, with a report suggesting it should be a core holding for institutions, likening it to ‘digital oil.’ Despite recent ETF outflows, ETH maintains a strong support range, indicating bullish sentiment among investors.

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