{"id":190970,"date":"2026-03-09T17:30:44","date_gmt":"2026-03-09T15:30:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/ethereum-price-rise-tom-lee-bitmine-investment-bitcoin-70k\/"},"modified":"2026-03-09T17:30:44","modified_gmt":"2026-03-09T15:30:44","slug":"ethereum-price-rise-tom-lee-bitmine-investment-bitcoin-70k","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-price-rise-tom-lee-bitmine-investment-bitcoin-70k\/","title":{"rendered":"Ethereum Rises as Tom Lee&#8217;s BitMine Invests $120 Million"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The recent market surge follows intensified institutional buying, including a significant new investment from <strong>BitMine<\/strong>, a company linked to prominent investor <strong>Tom Lee<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum Attracts Institutional Capital<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ethereum (ETH)<\/strong> climbed to approximately <strong>$2,025<\/strong>, marking a gain of over 4% in the last 24 hours. This upward move follows reports that BitMine, associated with Tom Lee, invested roughly <strong>$120 million<\/strong> into the leading altcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p><div data-nosnippet><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">JUST IN: Tom Lee's 'BitMine' buys $120M worth of Ethereum<\/p>\u2014 Kalshi Traders (@KalshiTrade) <a href=\"https:\/\/twitter.com\/KalshiTrade\/status\/2030990308696076725?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">This transaction reinforces the thesis that institutional investors are gradually increasing their exposure to the second-largest cryptocurrency by market cap. <strong>Ethereum\u2019s<\/strong> market capitalization has now surpassed <strong>$244 billion<\/strong>, while daily trading volume remains robust at over <strong>$21 billion<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin Approaches $70,000<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, <strong>Bitcoin (BTC)<\/strong> continues its steady recovery, trading around <strong>$69,354<\/strong>. This represents a rise of more than 3% over the past day. The largest cryptocurrency\u2019s market cap has reached approximately <strong>$1.38 trillion<\/strong>, with daily trading volumes exceeding <strong>$45 billion<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The growth in <strong>Bitcoin<\/strong> and <strong>Ethereum<\/strong> is supporting the broader digital asset space, evidenced by the <strong>CMC20 Index<\/strong> rising by more than 3%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Altcoins Join the Upward Trend<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The wider altcoin market is also showing positive dynamics. <strong>BNB<\/strong> is trading near <strong>$637<\/strong>, up over 3% in the last 24 hours. <strong>Solana (SOL)<\/strong> has climbed to about <strong>$85<\/strong> following renewed interest in its ecosystem, while <strong>XRP<\/strong> is moving around <strong>$1.36<\/strong>, also posting moderate gains.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite these individual successes, the Altcoin Season Index remains at approximately 36 out of 100. This indicates that <strong>Bitcoin<\/strong> still maintains heavy dominance over the current market cycle.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fear and Greed Index Signals Caution<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the price appreciation, market sentiment remains wary. The <strong>Fear and Greed Index<\/strong> sits at <strong>22<\/strong>, which keeps the market firmly in the \u201cFear\u201d zone. This suggests many investors are staying cautious following recent volatility across global financial markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The average <strong>Relative Strength Index (RSI)<\/strong> for the crypto market is currently around <strong>51<\/strong>. This puts the market in a neutral zone, positioned between overbought and oversold levels.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market Targets the Next Catalyst<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts believe the combination of institutional purchases, improving sentiment, and technical recoveries could support new upward momentum in the coming weeks. In the short term, investors are watching closely to see if <strong>Bitcoin<\/strong> can achieve a sustained break above <strong>$70,000<\/strong> and if institutional interest in <strong>Ethereum<\/strong> continues to accelerate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As interest in digital assets grows, investors are prioritizing secure storage solutions. You can find a detailed guide on the most reliable options in our report on the <a href=\"https:\/\/cryptodnes.bg\/kripto-valuti\/kripto-portfejli\/\">best crypto wallets for 2026<\/a>, which covers the leading hardware and software wallets currently available.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum climbs 4% to $2,025 following a $120M investment from BitMine. Bitcoin nears $70,000 as institutional interest boosts the broader crypto market.<\/p>\n","protected":false},"author":104,"featured_media":190969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[270,72,258,424,271,108,266,223],"coin_category":[],"class_list":["post-190970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-altcoins","tag-bitcoin","tag-bnb","tag-crypto","tag-ethereum","tag-price","tag-solana","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum Rises as Tom Lee&#039;s BitMine Invests $120 Million - CryptoDnes EN<\/title>\n<meta name=\"description\" content=\"Ethereum climbs 4% to $2,025 following a $120M investment from BitMine. 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