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Crypto enters bull market as Bitmine nears 5% ownership of Ethereum supply.

Market News
30 Sep 2026
Coinpaper
View Source
Bullish
Crypto enters bull market as Bitmine nears 5% ownership of Ethereum supply.

Tom Lee declares crypto has entered a bull market, supported by Bitmine's accumulation of nearly 5% of Ethereum's total supply. Bitmine holds over 6 million ETH, worth $17.2 billion, marking a significant institutional bet on crypto's future. Lee highlights Bitcoin's technical breakout, growing institutional inflows, and increasing digital currency use by AI as key drivers. The trend suggests a structurally different bull phase fueled by tokenization and institutional adoption, with more financial assets moving onchain.

Ethereum is trading at Rp48,365,074 on Pluang, down 1.25% over the past day. The market shows a strong buy interest with 63% of order activity on the platform being buys. This data is current as of Sep 30, 2026 21:05 WIB.

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