Dormant Wallets Reactivate as 48,047 ETH Flows into Bitfinex

BitMine holds 5,983,940 ETH ($17.1B) as of September 21, per The Block. Chairman Tom Lee expects more institutional crypto buying before 2026. ETH outperformed the S&P 500 by 6,519 basis points in Q3, according to CoinPedia. Pepeto, a meme coin presale, has raised $11M with a live exchange and token scanner.

Ethereum (ETH) surged past $2,700, its highest since January, driven by Bitmine's $75 million purchase, per CoinDesk. Bitmine now holds 4.9% of all ETH. Meanwhile, Pepeto, a meme coin presale, raised over $11 million. ETH gained 9.31% weekly, trading at $2,757 on September 22, with analysts eyeing $3,000.

Ethereum (ETH) withdrawals from Binance averaged 90,000 monthly, the highest in three years, indicating potential accumulation. ETH traded above $2,700 after a 6% daily gain. Analysts see $2,715-$2,900 as next resistance and $2,360 as key support. ETF flows were net negative despite price gains.

Bitcoin surged past $87,000, its highest since January, with Ethereum, XRP, and Dogecoin also rising. Crypto-related stocks like MicroStrategy (MSTR) and Bitmine Immersion (BMNR) gained over 8%. The global crypto market cap reached $2.91 trillion. Analyst Michaël van de Poppe predicted Bitcoin could reach $100,000, declaring the bear market over, while Santiment cautioned about crowded expectations.

Bitcoin surged to $85,117, an eight-month high, despite the Fed's interest rate hike. Ethereum also rose 5.81% to $2,721. The global crypto market cap increased 5.1% to $2.88 trillion. The rally follows US regulatory developments, including the SEC's 'innovation exemption' for tokenised stock trading.

Bitmine Immersion Technologies (BMNR) reported holding 5.98 million ETH, part of $17.1 billion in combined crypto and cash assets, nearing 5% of Ether's supply. The firm's significant holdings may impact Ether liquidity and price, according to the company.