Odaily Planet Daily reports that Fundstrat co-founder Tom Lee stated on CNBC that the cryptocurrency market may have already bottomed out or is close to it. Although Bitcoin and Ethereum prices have recently experienced sharp fluctuations due to safe-haven inflows from the precious metals market and policy uncertainties in Washington, the network fundamentals remain solid. According to Tom DeMark’s technical analysis, Bitcoin around $77,000 and Ethereum around $2,400 have completed their price and time bottoming logic. Additionally, BitMine Immersion Technologies (BMNR), a publicly listed company chaired by Tom Lee, recently repurchased 41,788 Ethereum, bringing its total holdings to over 4.28 million, approximately 3.5% of Ethereum’s circulating supply.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
4 Bitcoin Charts Show BTC Price Forming a Bottom
Bitcoin has cooled from its all-time high and is tracing a defined range, yet several technical signals point to a potential bottom and a renewed ascent. The asset remains roughly 42% below its peak of around $126,000, with price action compressing in the $60,000 to $72,000 zone. After a dip to $60,
CryptoBreaking17m ago
Jiuzi Holdings raises $80 million through a rights issue to support the development of the crypto asset treasury
Jiuzi Holdings has signed an agreement with strategic investment institutions to subscribe for 40 million shares at $2 per share, raising $80 million. The funds will be used to expand cash reserves, build a crypto asset treasury, and develop an asset allocation strategy. The treasury will include various cryptocurrencies such as Bitcoin and Ethereum.
GateNews22m ago
BTC drops below 70,000 USDT, 24-hour decline of 4.01%
Gate News Report, March 6th: Market data shows that BTC has fallen below 70,000 USDT, currently trading at 69,999 USDT, with a 24-hour decline of 4.01%.
GateNews37m ago
