Jul 17, 2026

Bitmine's Tom Lee tips Ethereum to win as chip selloff deepens

Fundstrat’s Tom Lee has stated that Ethereum is set to benefit from the artificial intelligence boom, publishing his case on Friday, July 17, the same day a global rout in chip stocks erased over $3.3 trillion in market value and pushed semiconductors to the edge of a bear market.

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Investors Push $79M Into Bitcoin ETFs as Ether Funds Lose $28M

Crypto ETF demand split sharply on Thursday, July 16, as bitcoin products drew $79.15 million while ether funds lost $28.04 million. XRP and Solana ETFs also attracted fresh capital, while T. Rowe Price launched a multi-token fund with an unusually large HYPE allocation.

July 17, 2026, 3:25 pm
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Bitmine nears its Ethereum buying limit – Now it needs demand to make the bet pay off

Bitmine plans to slow its Ethereum purchases as its holdings approach 5% of the cryptocurrency’s supply, ending a year of rapid accumulation that made the company the network’s largest corporate token holder.

July 17, 2026, 2:45 pm
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ETH Exchange Price

$1,842.17  -1.66%

$1,803.96 Low High $1,879.63

$222.32B Market Cap

$10.53B Total Volume (4.74%)

$4,946.05 All Time High -62.75%

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