Despite Bitcoin's strong gains, subdued retail interest may limit future price momentum, highlighting reliance on institutional influence. Bitcoin posts best monthly gain in a year, retail interest wanes.
BitMine Immersion Technologies ($BMNR) is accelerating its pivot away from Bitcoin mining toward Ethereum staking, a shift that is drawing fresh institutional interest and positioning the company as a sizable player in the proof-of-stake economy. Shares of $BMNR closed at $21.88 on May 1 in New York (ET), up $0.48 (2.24%) from the prior close of $21.40.
XRP has been struggling to hold above $1.35 as the market absorbs a wave of post-Fed deleveraging that has compressed derivatives activity to levels not seen since the beginning of the year.
Data shows the Bitcoin treasury companies have shown an inflection recently, something that has turned out to be bullish in the past. Last Two Bitcoin Treasury Capitulation Inflections Led To Bullish Action In a new post on X, Capriole Investments founder Charles Edwards has talked about the latest trend in the buying participation of the Bitcoin Digital Asset Treasuries (DATs).