Tom Lee: The cryptocurrency market may have already reached or is close to the bottom

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.