Happy Monday!

Bitcoin is stuck at $80,000 and bulls are getting nervous again. Fear not, Coinbase Research says, there are 6 good reasons to think the resistance will fall soon.

Bitmine has slowed its Ethereum purchases — is that a sign Tom Lee’s conviction is wavering? Not at all, he says. There’s a method behind the madness.

Plus, sixteen minutes. That's the window between knowing and chasing. Benzinga Pro gets news directly from company IR teams and market insiders — not filtered through a wire. That gap is why 40,000+ traders won't open a position without it.

See what's breaking right now, before the crowd does. First 14 days are free.

TOP STORY

Bitcoin Stalls Near $80,000, But These 6 Factors Could Change That Soon

Bitcoin is stuck at $80,000 and Coinbase Institutional's Head of Research David Duong says Q2 stays neutral — not bearish, but not a breakout call either.

The culprit is a "headline-driven market" where Iran and geopolitical risk can flip sentiment between breakfast and dinner.

The constructive signals are there: Bitcoin's correlation with U.S. equities peaked near 65% in February and has since eased, long-term holders — wallets holding more than 155 days — actually increased Bitcoin balances through Q1, and 65% of investors Coinbase surveyed in January still want to allocate more to crypto.

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Benzinga Members Saw This FDA Approval At 7:46 AM. Bloomberg Posted It at 8:02 AM.

Sixteen minutes. That's the window between knowing and chasing. Benzinga Pro gets news directly from company IR teams and market insiders — not filtered through a wire. That gap is why 40,000+ traders won't open a position without it.

See what's breaking right now, before the crowd does. First 14 days are free.

QUICK N DIRTY

Bitcoin, Ethereum, XRP are consolidating their gains from last week on Monday and looking for positive regulatory news: here’s what else is driving markets today.

Dogecoin was the first big altcoin to rally double digits, but now Solana is doing the same. What’s up with all these altcoin rallies over the past weeks?

Bitcoin to hit a new all-time high in 2026? Prediction markets were more bullish on it than you may think — but this is slowly beginning to change.

FINTECH FOCUS

Bitmine Slows Ethereum Acquisitions To 26,659 ETH: Is Tom Lee Signaling The Top?

Bitmine slashed its weekly Ethereum buying by 75% — from over 100,000 ETH per week to 26,659 — as Chairman Tom Lee signals the firm is approaching its endgame.

Bitmine now holds over 5.2 million ETH, or 4.31% of circulating supply, with more than 4.7 million ETH staked through its MAVAN platform generating yield on roughly $11.1 billion in assets.

Total crypto and cash holdings hit $13.4 billion. Lee's rationale for slowing: the previous pace would have hit the 5% target by mid-July — the deceleration is deliberate, not a retreat.

His macro read stays bullish: "Crypto spring has started," and if ETH closes above $2,100 at month-end it would mark three consecutive monthly gains.

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