Tom Lee: Bitcoin, Ethereum Got Hit Hard, But The Bottom Is Close
Market Intelligence Analysis
AI-PoweredTom Lee, a well-known cryptocurrency analyst, believes that despite a deeper-than-expected selloff, the market is close to reaching a bottom, driven by solid fundamentals and a rotation of risk appetite into gold and silver.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
The crypto selloff has been deeper than anticipated, but Tom Lee sees price and timing align for a potential bottom. Crypto Selloff Deeper Than Expected… In a CNBC Squawk Box interview on Monday, Lee, head of research at Fundstrat Global Advisors and CIO of Fundstrat Capital, said crypto's recent decline exceeded expectations despite solid fundamentals. He attributed the weakness to risk appetite rotating into gold and silver, which surged early in the year and sparked fear of missing out. Don't
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