Market Analysis

Bitmine has officially moved from the NYSE American board to the main board, marking an important milestone for the company. Despite the sharp decline in its share price, it has still increased the share repurchase plan amount to $4 billion. The company holds a large amount of Ethereum, and it expects that a rebound in the crypto market will help boost its assets and share price performance.

On April 13, Bitcoin rose from its early-session low of 70,741 to trade as high as $74,900 during the session, approaching the $75,000 level. The main drivers came from two directions: after Trump ordered the blockade of the Strait of Hormuz, traders began to view Bitcoin as a geopolitical hedge asset; and a massive net short position that had been building as funding rates stayed persistently negative was met with liquidation, triggering a chain of liquidations totaling millions of dollars near the $70,000 support level.

Bitmine has officially moved from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its stock price, it has still increased its share repurchase authorization to $4.0 billion. The company holds a large amount of Ether, and it predicts that a rebound in the crypto market will help boost its assets and stock price performance.

Due to market expectations that the United States and Iran will reach an agreement, the S&P 500 index has rebounded to its highest level since the war, and Bitcoin has also surged to $74,900. Despite the failure of peace talks between the U.S. and Iran, the U.S. has imposed a maritime blockade to pressure Iran. MicroStrategy once again made a large-scale purchase of Bitcoin, indicating that investor confidence is picking up.

2026-04-13 22:00 to 2026-04-13 22:15 (UTC), the BTC price fluctuated upward within 15 minutes, with a return of +0.77%. The high and low prices in the range were between 73178.0 and 73899.0 USDT, and the amplitude was 0.99%. During the event, market attention increased, volatility slightly intensified, and overall sentiment leaned positive. The main driver behind this price deviation was active spot market buy orders stepping in, which pushed the BTC price higher in the short term. The number of active addresses on-chain remained at a high level, reflecting an increase in genuine trading demand. Trading volume was higher than in the previous period,

Bitmine has officially moved from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its share price, it has still increased the share repurchase plan amount to $4.0 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and share price performance.

Bitmine has officially moved from the NYSE American board to the main board in the United States, marking a major milestone for the company. Despite a sharp drop in the stock price, it has still increased the share repurchase program to $4 billion. The company holds a large amount of Ethereum, and expects that a rebound in the crypto market will help improve its assets and stock price performance.

The global crypto market is undergoing a correction, with a 0.86% drop in total capitalization to $2.41T. Bitcoin and Ethereum fell by 1.21% and 1.33%, respectively. Despite declines in DeFi TVL and NFT sales, some altcoins surged significantly.

Investment bank William Blair said that after a decline in its stock price in the first quarter, a certain CEX has already completed risk clearing, and the market has fully priced in expectations of weak trading volume and revenue. Although the trading data is soft, the impact is limited; the exchange has strengthened its competitiveness through a diversified layout. The stablecoin USDC continues to grow, raising its market share and generating synergistic benefits. Institutional investors are bullish on a market recovery and believe the exchange has upside potential.

2026-04-13 14:30 to 2026-04-13 14:45 (UTC), BTC saw a +0.48% return within a 0.55% amplitude range (71600.7–71997.0 USDT). During this period, market volatility increased; both spot and on-chain data indicate that short-term capital flows were notably active, market attention rose, and sentiment remains cautious. The main driver behind this deviation is stronger spot-market buy pressure and the continued net outflow of exchange funds. Specifically, over the past 24 hours, BTC spot trading volume was about $33.15B, compared with the 7-day average

Bitmine has officially transferred from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a significant drop in its share price, it has still increased the share repurchase plan amount to $4.0 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and share price performance.

On April 13, gold and silver prices fell to $4,732.92 per ounce and $74.209 per ounce, respectively. The BTC volatility index rose by 0.42%, and the ETH volatility index rose by 0.31%. The U.S. dollar versus the Chinese yuan and the Japanese yen edged up slightly, major European stock indexes generally fell, while WTI and Brent crude oil prices rose. The Gate platform supports trading for multiple asset types.

From 2026-04-13 13:45 to 14:00 (UTC), ETH surged rapidly within a 1.48% amplitude. The price ranged from 2182.61 to 2214.98 USDT, and the return rate in 15 minutes reached +1.24%. This bout of unusual activity has drawn market attention, with active capital inflows and outflows, a marked increase in volatility, and a short-term warming of trading sentiment. The main driver behind this unusual activity is on-chain capital outflows and changes in the holdings structure. Over the past few weeks, the net positions of the 1k–10k ETH whale cohort and the 10k+ super whale cohort have continued to decline, around April 13, the related

Bitcoin and Ethereum prices were holding steady around April 13, and the overall crypto market weakened. Oil prices rebounded, influenced by the situation in the Middle East. Bitcoin ETF funds worth nearly $1 billion flowed in, but addresses still in unrealized losses remain in the majority, and open interest in futures contracts fell significantly.

Bitcoin is experiencing significant volatility following a futures-driven market rally that has collapsed, leading to major price corrections and a drop in Open Interest. The market is now vulnerable to further downturns due to a lack of spot demand, indicating structural weaknesses.

Bitmine has officially moved from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its share price, it has still increased the share repurchase plan to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and share price performance.

Key factors, such as ETF flows, macro factors and on-chain supply favor a rally in bitcoin even as war risks linger.

The price action is sending a clear warning signal that analysts' optimism may be running ahead of itself.

Jurrien Timmer, director of global macro at Fidelity Investments, says strong earnings are helping markets absorb geopolitical shocks, despite ongoing risks.