Tom Lee: Bitcoin, Ethereum Got Hit Hard, But The Bottom Is Close

Benzinga_recent_news02-03 21:55

The crypto selloff has been deeper than anticipated, but Tom Lee sees price and timing align for a potential bottom. In a CNBC Squawk Box interview on Monday, Lee, head of research at Fundstrat Global...

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Close\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-03 21:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/02/50331689/tom-lee-bitcoin-ethereum-got-hit-hard-but-the-bottom-is-close><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The crypto selloff has been deeper than anticipated, but Tom Lee sees price and timing align for a potential bottom.\nIn a CNBC Squawk Box interview on Monday, Lee, head of research at Fundstrat Global...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/02/50331689/tom-lee-bitcoin-ethereum-got-hit-hard-but-the-bottom-is-close\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09042","symbol_name":"华夏比特币-U","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/02/50331689/tom-lee-bitcoin-ethereum-got-hit-hard-but-the-bottom-is-close","article_id":"2608874297","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/03/tom-lee-dall-e.png?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/crypto/cryptocurrency/26/02/50331689/tom-lee-bitcoin-ethereum-got-hit-hard-but-the-bottom-is-close","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2608874297","pubTimestamp":1770126900,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"The crypto selloff has been deeper than anticipated, but Tom Lee sees price and timing align for a 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Global Advisors and CIO of Fundstrat Capital, said crypto's recent decline exceeded expectations despite solid fundamentals.\nHe attributed the weakness to risk appetite rotating into gold and silver, which surged early in the year and sparked fear of missing out. \nThat shift, combined with crypto's strong October performance, left digital assets without leverage or near-term catalysts.\nLee said Fundstrat's technical advisor sees Bitcoin (CRYPTO: BTC) near $77,000 and Ethereum (CRYPTO: ETH) around $2,400 aligning on both price and time, a setup that often signals a market bottom.\nHe added that on-chain fundamentals are improving, pointing to Ethereum active addresses \"going parabolic,\" while Wall Street continues to build infrastructure around digital assets. \nIf those trends persist, Lee said prices should eventually catch up.\nLee argued the broader economy remains in decent shape, but markets are grappling with elevated uncertainty from Washington, including policy decisions, the midterm election backdrop and the upcoming Fed chair appointment.\n\"These are the kinds of moments markets like to test,\" he said, warning that midyear volatility could remain elevated.\nOn a more constructive note, Lee said a pause in the rally for precious metals would likely benefit crypto. \nHe also highlighted a historical signal: when stocks are higher in both the first week and first month of the year, the S&P 500 has averaged gains of about 18% over the remainder of the year.\nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 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