At press time, the price of Ethereum is hovering around $2,151, being 0.88% down in the past 7 days. Also, it is over 50% down from its 52-week high of around $4,831 hit in August last year. That is a cruel slip; however, the chairman of Bitmine, Tom Lee, trusts
Ethereum, which is trading down over 20% weekly, whereas Bitmine has been steadily buying Ethereum. With that, Tom Lee, executive manager of BitMine, argued that Ether’s price fell even though the network remained strong, as fewer traders were taking risky, leveraged bets and many investors shifted their money toward safer
Fundstrat’s Tom Lee believes the crypto market will stage a comeback once the explosive rallies in gold and silver begin to cool. He argues that capital rotation, not weak fundamentals, explains why digital assets lag behind other macro trades. Lee shared this view during a recent CNBC appearance, where he
The cryptocurrency market’s strength has been weakened by the drop in the price of Bitcoin, which fell below the $90,000 level. This is a continuation of losses experienced since the last market peak due to macroeconomic pressures and the effect of the deleveraging experienced in the market previously. Fundstrat Global
Fundstrat Co-Founder Tom Lee has stated that there is a possibility of rally for ETH price in Q4. He has backed this by mentioning the recent rate cut by the US Federal Reserve as one of the reasons. Lee also believes that the fourth quarter could simultaneously see a BTC
Financial analyst Tom Lee told CNBC that Bitcoin could hit $200,000 by the end of 2025, pointing to the U.S. Federal Reserve’s expected interest rate cut as a big driver. With the Fed’s next meeting on September 17, 2025, Lee said looser money policies tend to enhance cryptocurrencies like Bitcoin
