XRP ‘likely to go to $12’, Bitcoin ETFs add $1 billion: Market moves Coinstar

Bitmine’s Tom Lee says the ‘crypto spring’ has already begun

Bitmine Immersion President Technologies Tom Lee said that the cryptocurrency market may already be entering the early stages of recovery.

In a note on Monday, Lee he said that, similar to previous cycles, investor sentiment is muted despite strengthening cryptocurrency prices.

“Crypto Spring has begun, in our opinion, and like past cycles, investor sentiment and beliefs are muted and bearish even as crypto prices strengthen. We believe the potential passage, or even failure, of the CLARITY Act confirms the arrival of Crypto Spring,” he added.

Crypto investors have seen more than half a year of depressed cryptocurrency prices since the crash in October 2025. Analysts have been debating when a significant recovery will occur.

Lee said the drivers behind crypto, and Ethereum in particular, are still going strong.

Bitcoin short-term owner cost predicts $92k as the next price target

Bitcoin (BTC) buyers continued their mid-week activity, pushing the price to a new high a multi-month high of $82,240.

Onchain indicators, including short-term holder (STH) cost basis, suggested that BTC could rise further, with the next big target at $92,000.

Data from TradingView showed BTC/USD up 37% to trade above $82,000 from its multi-month low of $60,000 hit on February 6.

This surge has pushed Bitcoin back above the cost basis of its short-term owners, currently at $79,000, according to Glassnode data.

STH’s cost basis refers to the average purchase price of investors holding Bitcoin for less than 155 days.

Historically, retracements to this level have coincided with extended recovery phases, as investors returning to profits are often less inclined to sell and more willing to increase exposure. The move may also attract new buyers and trigger shorts as bearish positioning unwinds.

Bitcoin ETFs add nearly $1 billion as BTC tops $80k in multi-day gain

Spot Bitcoin (BTC) exchange traded funds (ETFs) pulled nearly $1 billion in inflows after the cryptocurrency returned $80,000 this week.

Bitcoin ETFs posted $467.4 million in inflows on Tuesday as BTC jumped over $81,000, extending Inflow of $532 million on Monday, according to according to SoSoValue data, bringing the two-day total to more than $999 million.

The latest inflows follow Total net inflows of $1.97 billion in Aprilindicating strong demand as Bitcoin’s recovery continues.

Since May 1, the funds have attracted a total of $1.63 billion in inflows, bringing cumulative inflows to $59.7 billion and total assets under management to approximately $109 billion, the highest level so far this year.

XRP ‘likely to go to $12’ as the price has been holding a historic low zone for months

XRP (XRP) tested a key long-term support level that has historically preceded big jumps, according to the monthly chart he shares analyst MikybullCrypto.

Milkybull’s chart showed XRP trading inside a rising channel that has guided the price action since 2014. XRP was near the bottom of the channel’s trendline around $1.30-$1.40, a zone that previously served as the starting point for major upside moves.

The analyst said that XRP will “probably go to $12”, a level roughly in line with the midpoint of the channel.

Momentum indicators support the return thesis. XRP’s monthly Relative Strength Index (RSI) has cooled towards the historical support area near 40-45, similar to levels seen before past rallies.

Bitcoin Market Dominance Passes 61%: Will Altcoins Follow?

Bitcoin dominance climbed to 61% on Wednesday, the highest level since November 2025. The metric rose from 58.44% in early April, proving that the bullish trend continues favor BTC over the broader crypto market.

In the past two months, altcoin volumes on Binance have also increased by 49%, while 12.6% of altcoins on Binance have retraced their 200-day simple moving average (SMA).

Crypto analyst Darkfost said Bitcoin has acquired 36% from the February 6 low at $60,000, helping it increase its dominance to 61.3%.

While altcoins spent much of the period under pressure, TOTAL3, which tracks crypto market capitalization excluding Bitcoin and Ether, rose 17% to a two-month high of $765 billion.

The speed of the altcoin’s recovery has lagged behind BTC, but several indicators have started to show signs of improvement.

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Ciaran Lyons

Ciaran Lyons is a Cointelegraph staff writer covering the cryptocurrency markets and conducting interviews in the digital asset industry. He has experience in mainstream media and has previously worked in Australian broadcast journalism, including roles on national radio and television. Prior to joining Cointelegraph, Lyons was involved in media projects in news, documentary and entertainment formats. It holds Solana, Ski Mask Dog and AI Rig Complex above Cointelegraph’s $1,000 disclosure threshold.