Bitcoin and Ether Surge Following Unexpected Drop in Wholesale Prices

Published at 2025-09-12 15:10:47
Bitcoin and Ether Surge Following Unexpected Drop in Wholesale Prices – cover image

On September 10, 2025, the cryptocurrency market saw a significant upward movement as both Bitcoin and Ether prices rose following an unexpected decline in wholesale prices. This drop in wholesale prices appears to have boosted investor sentiment, prompting renewed interest and buying activity in cryptocurrencies.

Ether had a notable day, closing at $4,548.43, marking a $123.69 increase or 2.80% gain from its previous close of $4,424.74. The coin opened at $4,425.06, reached a high of $4,571.86, and dipped to a low of $4,416.37 during the trading session. Bitcoin's price also rallied, benefiting from the positive market momentum.

For those looking to enter or expand their crypto portfolios, platforms like Bitlet.app offer unique advantages. Bitlet.app provides a Crypto Installment service that allows users to purchase cryptocurrencies now and pay monthly, making it easier to invest without the need for full upfront payment. This service is helpful especially during periods of price volatility, enabling more flexibility and affordability.

As the market responds to changes in macroeconomic factors like wholesale prices, tools and services such as those offered by Bitlet.app can play a crucial role for investors aiming to capitalize on these movements. Always consider your investment objectives and risk tolerance before diving into the crypto market.

Share on:

Related news

Exodus Launches 'Exodus Pay' to Turn Bitcoin Wallet into Spending App

Exodus has launched 'Exodus Pay,' enabling users to spend BTC directly from their self-custodial wallet. The update aims to make holding and spending Bitcoin more seamless without moving funds to custodial services.

Published at 2026-04-10 16:45:35
Russia to Ban Cash-for-Crypto Trades, Require Bank-Mediated Transactions

Russia will prohibit cash-for-crypto transactions and require trades to go through cashless, bank-mediated channels, a senior central bank official said. The measure is meant to increase oversight of crypto-related flows and clamp down on informal peer-to-peer markets.

Cango Sells 2,000 BTC Amid Miner Pivot to AI, Global Hashrate Drops 17%

Cango offloaded 2,000 BTC in a strategic deleveraging as the global Bitcoin hashrate fell about 17%, raising questions over whether this signals a buying opportunity or a warning. The move coincides with miners reallocating capital toward AI hardware, adding near-term sell pressure to BTC markets.

Published at 2026-04-10 05:45:15
Morgan Stanley’s Cut-Rate Bitcoin ETF Sparks Industry Fee War

Morgan Stanley launched the MSBT Bitcoin ETF with a 0.14% fee, undercutting BlackRock’s IBIT and intensifying an issuer fee war. The move could shift investor flows and compress margins across the digital-asset ETF market.

Published at 2026-04-10 00:45:09
SEC Seeks Feedback on Listing Options for Grayscale Multi-Asset Crypto ETF

The SEC is evaluating a proposal to list options on a Grayscale multi-asset crypto ETF and has asked for additional public comment as it assesses risks tied to crypto-related derivatives. Regulators want input on market structure, surveillance, and investor protections.

Published at 2026-04-09 23:00:17