Tom Lee: The Cryptocurrency Market May Have Already Touched or Is Nearing the Bottom

Odaily News: Tom Lee, co-founder of Fundstrat, stated on CNBC that the cryptocurrency market may have already touched or is nearing the bottom. Despite recent significant price volatility in Bitcoin and Ethereum due to safe-haven capital flowing into the precious metals market and policy uncertainty in Washington, the network fundamentals remain robust. According to Tom DeMark's technical analysis, Bitcoin around $77,000 and Ethereum around $2,400 have completed the price and time-based bottoming logic. Additionally, the publicly listed company BitMine Immersion Technologies (BMNR), where Tom Lee serves as Chairman, recently purchased another 41,788 Ethereum, bringing its total holdings to over 4.28 million, which accounts for approximately 3.5% of Ethereum's circulating supply.