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Crypto market shakes off record liquidation: Bitmine chair – TON BOT

Crypto market shakes off record liquidation: Bitmine chair

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Tom Lee of Bitmine Immersion Technologies believes that the worst of the recent crypto deleveraging event may be over, with a potential year-end rally in sight. Despite a significant liquidation triggered by U.S.-China tensions, Bitcoin and Ethereum are showing resilience, with improving technicals indicating market stabilization. JPMorgan’s plan to accept Bitcoin and Ether as collateral for loans by year’s end signals a broader acceptance of crypto in traditional finance. Lee predicts a significant movement in the crypto market by the end of the year.

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