Ethereum (ETH), currently trading near $1,880, may break its previous high of nearly $5,000 due to growing institutional adoption, according to Fundstrat co-founder Tom Lee. He highlights that unlike past growth driven by ICOs and NFTs, this new phase is led by Wall Street players like BlackRock and JPMorgan expanding blockchain investments. Ethereum remains dominant in developer activity and benefits from new platforms like Robinhood Chain, which uses ETH for transactions. Despite some skepticism over Ethereum's resistance at $5,000 and the nature of Robinhood Chain's trading volume, Lee's bullish outlook is supported by BitMine's significant ETH holdings, positioning it well for institutional growth.
Cryptocurrency prices are fluctuating with Bitcoin trading around $78,338, slightly down by 0.40%. Ethereum and Binance Coin show small gains, while several altcoins such as XRP, ADA, and SOL experience notable declines, some exceeding 3%. These mixe...
In 2026, while the overall stablecoin market shrank, Tron’s stablecoin supply rose to a record $89.2 billion, driven mainly by USDT which makes up 98.5% of its stablecoins. Tron now holds 28.7% of the total stablecoin market and hosts $87.9 billion i...
Cryptocurrency markets displayed mixed price changes, with Bitcoin falling 0.6% to $78,447 and Ethereum rising slightly by 0.33% to $2,470.75. Other coins like XRP and DOGE saw notable declines, while a few altcoins experienced modest gains. These fl...
On-chain data from Lookonchain reveals that Bitmine, chaired by Tom Lee, has received an inflow of 20,000 ETH from Kraken. Although Bitmine has not confirmed the transaction, this movement suggests a new accumulation phase for the firm. This could in...
CryptoQuant reports Bitcoin and the crypto market may be entering a new bull phase following a 24% price surge to nearly $80,000. This optimism is driven by positive macroeconomic factors, including increased U.S. Treasury bond buybacks and potential...
