Ethereum Bull Tom Lee Speaks for the First Time After the Big Drop

Tom Lee, President of Ethereum treasury management firm BitMine, told CNBC in an interview that today's market pullback was “a correction that was to be expected up to a point.” “The market is up 36% since the April lows. Today's decline is the biggest in six ￰0￱ VIX, the fear index, was up 29% at one point, marking the 51st-largest single-day move in history and entering the top 1%,” Lee ￰1￱ to data from on-chain analytics platform Lookonchain, BitMine purchased a total of 41,421 ETH (approximately $158 million) ￰2￱ his market commentary, Lee said, “This decline was ￰3￱ market had already rallied strongly since April. Today's decline presents a good buying opportunity as long as there are no structural changes.” Related News: BREAKING: Binance Announces It Will Compensate Users Who Suffered Losses in These Three Altcoins Yesterday “I wouldn't say the market bottomed today, but the current situation promises good returns for the next week or ￰4￱ someone were to ask me 'what will the market be like in a week's time?' I would probably say higher,” Lee added. *This is not investment ￰5￱ Reading: Ethereum Bull Tom Lee Speaks for the First Time After the Big Drop