Just when many traders were starting to believe the market had gone quiet, veteran crypto bull Tom Lee stepped in with another massive bet on Ethereum (CRYPTO: ETH). 

Through his firm Bitmine Immersion Technologies, Lee purchased 60,976 ETH worth roughly $120 million. The purchase pushed the company’s total holdings to more than 4.5 million ETH, valued at close to $9 billion at current prices.

This is a bold move as traditional investors’ sentiment around Ethereum remains weak. On the other hand, some traders think this could be an early sign for the next leg of a massive crypto bull run.

Ethereum’s Quiet Rebound Is Turning Heads Across Crypto Markets

Ethereum recently climbed back toward…

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Bitcoin (CRYPTO: BTC) is trading sideways, with investors’ weakening conviction conviction pointing to a psychologically difficult phase of the market cycle.

Why Investors Are Getting Jittery

Data from CryptoQuant suggests the market is currently in a highly uncertain phase marked more by hesitation than conviction.

Several on-chain indicators point to weakening investor confidence:

Apparent demand briefly improved following the latest sell-off but quickly turned negative again, indicating buyers remain cautious.

The CryptoQuant Bull Market Cycle Indicator currently signals a bear-market consolidation phase, typically associated with sideways price action and frustrating… Read more on Benzinga

Binance has filed a lawsuit against The Wall Street Journal over a February 23 article alleging $1.7 billion flowed to Iran-backed terror groups, claiming the false reporting triggered baseless government inquiries including a DOJ probe announced Tuesday.

The Lawsuit Claims

Binance filed the complaint on Wednesday to defend its reputation and prevent misinformation from driving unnecessary confusion across the ecosystem. 

Global Head of Litigation Dugan Bliss said the lawsuit is “a necessary step to defend ourselves against misinformation, hold The WSJ accountable for prioritizing clicks over journalistic integrity, and address the significant reputational harm and business consequences…

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The ‘Wait For The Fed’ Strategy

Hayes explained his timing on the Coin Stories podcast. “If I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait,” Hayes said. 

“I think that the longer that this conflict goes on, the higher the likelihood that the Fed has to print money to support the American war machine. And that’s when I’m going to buy Bitcoin when the central banks start printing money,” he added.

Hayes distinguished between war itself and the monetary response. War isn’t inherently bullish for Bitcoin. Rather, wars force governments to print money to fund military operations, and that money printing drives Bitcoin higher. 

Trying to buy…

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The Store-of-Value Market Growth

The current store-of-value market stands at just under $38 trillion: $36 trillion for gold and $1.4 trillion for Bitcoin. 

On this basis, Bitcoin currently represents just under 4% of the market.

The mistake most people make is assuming the store-of-value market is static, the report states.

Gold’s market cap was about $2.5 trillion when the first gold ETF launched in 2004. It has grown to almost $40 trillion, a compound annual growth rate of 13% per year.

If this 13% growth rate continues, the global store-of-value market will reach approximately $121 trillion in 10 years. 

At that level, Bitcoin only needs to capture 17% of the market to reach $1 million…

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