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Tom Lee: The crypto bear market is nearing its end, ETH benefits from asset tokenization and AI narratives

MeNews
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ME News, April 20 (UTC+8): Bitmine Chairman Tom Lee said that market signals indicate the current “crypto winter” is nearing its end. He noted that since the early-February low point, ETH has rebounded by about 41% and has recently outperformed the S&P 500 index. He believes that Ethereum is currently mainly benefiting from two major narratives, including the progress of traditional financial asset tokenization and the rising demand for public blockchain infrastructure driven by AI systems. In addition, he said that historically, crypto bear markets have often been accompanied by sharp pullbacks in the stock market, and that changes in the macro environment this time may mean the current cycle is nearing its end. (Source: ODAILY)
ETH1.57%
US5000.12%
US500200.12%
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