Author: NBTC

The cryptocurrency market has switched bullish once again after a bearish start to the week. Following the crypto market recovery over the past week, several Ethereum ($ETH) onchain metrics are demonstrating notable changes. Bitcoin hit the $78,100 level earlier on Wednesday, while Ethereum is now approaching $2,400 once again. The rally comes after President Donald Trump announced that he would extend the Iran ceasefire indefinitely. However, he added that the US would hold off on fresh attacks while keeping its Strait of Hormuz blockade in place. Whales acquire more Ether tokens Whales are taking advantage of the bullish narrative in…

Ethereum is pushing back toward $2,400 as the market finds its footing after weeks of uncertainty, with buyers gradually reasserting control and the price beginning to build momentum from the consolidation range. The move higher is drawing attention — and a CryptoQuant analyst has identified a signal in the demand data that suggests the current strength may have more institutional backing than the price chart alone reveals. The Coinbase Premium Index measures the price difference between Ethereum on Coinbase and Ethereum on Binance. When $ETH trades at a higher price on Coinbase than on Binance, it reflects stronger demand on…

Bored Ape Yacht Club (BAYC) celebrates its fifth birthday today. Unfortunately, celebrations have been a little muted. The project’s once massive pool of high-profile celebrity supporters that included the likes of Paris Hilton,, Mark Cuban, and Jimmy Fallon, has dwindled, and online interest has cratered. Indeed, searching Google Trends for the term “Bored Ape Yacht Club” reveals that interest in the company is 97 times lower than it was during the $NFT frenzy of 2022. During the height of $NFT and Bored Ape Mania, the likes of Snoop Dogg and Eminem promoted the project and the short-lived metaverse fad onstage…

Ethereum is consolidating just below $2,400, holding in a range that has defined its price action for the past several sessions as the market waits for a catalyst to determine the next directional move. The chart looks patient. The on-chain data is anything but. Data from Arkham Intelligence reveals that Bitmine staked another 61,232 $ETH — approximately $142 million — just hours ago. Bitmine is not accumulating speculatively and waiting. It is locking its treasury into the network at a pace that has become one of the most significant single-entity supply events in Ethereum’s recent history. Bitmine Ethereum Transfers |…

Ethereum price started a fresh increase and remained stable above $2,350. $ETH is now consolidating and might aim for more gains if it clears $2,425. Ethereum started a steady increase above the $2,380 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,320 on the hourly chart of $ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $2,320 zone. Ethereum Price Corrects Recent Gains Ethereum price managed to stay above the $2,250 support and started a fresh increase,…

Bitcoin ($BTC) continued its upward trend last night, climbing above $79,300. However, this was short-lived, and the $BTC price fell back to around $77,800. Despite this decline, Bitcoin stood out as the only major cryptocurrency to be in positive territory over the past 24 hours, while altcoins mostly traded sideways or weakly. However, these declines did not stop the whales, and they continued their purchases. Accordingly, Bitmine, the largest institutional Ethereum ($ETH) holder, appears to have made additional $ETH purchases. According to Lookonchain, three new wallet addresses believed to be associated with Bitmine received approximately 100,000 $ETH (approximately $233.7 million)…

Roughly 93% of GameFi projects are now effectively dead, as tokens plunge 95%, user counts flatline, VCs pivot to AI and RWAs, and even Animoca trims pure gaming bets. Roughly 93% of GameFi projects have failed, with token prices collapsing about 95% from 2022 highs and user activity evaporating to near zero, according to data shared by market-making firm Caladan and earlier sector-wide studies by ChainPlay and Storible. Their analysis of more than 3,200 Web3 gaming projects found that the average GameFi title survives only around four months before its token drops over 90% and daily active users fall below…

The institutional accumulation of Ethereum [$ETH] has picked up speed recently. AMBCrypto reported that Bitmine Immersion Technologies [BMNR] bought 101,627 $ETH over the past week. This followed purchases of 71.3k and 71.9k $ETH, respectively, in the first two weeks of April. Bitmine’s chairman, Tom Lee, had said that they believed Ethereum was in the final stages of a “mini-crypto winter.” Many market participants believed the bear market would last until fall 2026, but Bitmine’s view was that the bear trend would end sooner, he added. Alongside Bitmine’s acquisitions, whale purchases were also present. AMBCrypto highlighted one such buy but noted…

A federal appeals court rejected the final bid of crypto bank Custodia to challenge the U.S. Federal Reserve’s authority over granting master accounts, but the decision arrives at a time that the central bank is opening other avenues for such accounts. A Fed master account grants access to the central bank’s payment rails and full services, allowing an institution to cut out go-between arrangements, so it’s been coveted by emerging crypto banks like Wyoming-chartered Custodia Bank. The bank has been fighting with the Fed for years over the initial rejection of its master-account application, and later over whether the central…

Permabull Tom Lee of Fundstrat Global Advisors has endorsed the $250,000 price target for Ethereum ($ETH), which was outlined in a recent report. Lee, one of Wall Street’s most famed permabulls, claims that the report is a “fresh and comprehensive take” on Ethereum’s future. To me, this is a fresh and comprehensive take by @Etherealize_io on the importance of ethereum and how the $ETH coin will play an increasingly important role as a unit of exchange – the case for $250,000 $ETH ‼️🚨 https://t.co/0IEoNEmwRe pic.twitter.com/dGCWL40NHb — Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) April 22, 2026 The $31 trillion math…