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

2026-02-03 16:09:31

Abstract generation in progress

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.

BTC-2,84%

ETH-1,84%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

3 Likes

Reward
3
2
Repost
Share

Related Topics

CryptoMarketWatch

BTC何时反弹？

InstitutionalHoldingsDebate

Comment

0/400

CoinToWin

· 13h ago

Don't enter the market until it's below $27,000

View OriginalReply0

飞鱼2026祝福版

· 14h ago

Bitcoin is starting to dip again. Let's not rush. After all, on the 1st, we missed out on 4,800 points. On the 2nd, we gained 4,700 points. There were also a few small trades along the way, totaling over 10,000 points. Plus, we took some big bites into major altcoins like ETH and HYPE. The latest strategy has been updated! See below! For aggressive traders, enter long positions around 753. For conservative traders, enter trailing positions around 731 to 721. Set stops based on losses! Use the small profits from these two days to do so. Learn to lock in gains! Wishing everyone good luck! @FlyingFish2026 Blessing Edition

View OriginalReply1

GateNewsBot

Institution: It is expected that the "Small Non-Farm" growth will slow down and will be significantly lower than the January non-farm employment figures.

3m ago

PayPal appoints former HP CEO Enrique Lores as new CEO, effective March 1

11m ago