In brief
- Fundstrat co-founder Tom Lee said that crypto prices have lagged fundamentals as gold and silver pulled risk appetite away.
- He argued Bitcoin and Ethereum have reached a technical and time-based bottom.
- Ethereum on-chain activity is accelerating even as prices remain under pressure.
Fundstrat co-founder Tom Lee claimed the cryptocurrency market is likely at or near a bottom on Monday, arguing that prices have overshot to the downside even as underlying fundamentals continue to strengthen.
Speaking on CNBC Monday, Lee said crypto had “taken it much worse than we expected,” despite a lack of leverage in the system and improving network activity. He added investor capital was pulled away from digital assets earlier this year by a…
Feb 03 2026
