Tom Lee maintains his year-end prediction of BTC at $150,000-$200,000 and ETH at $7,000.
Jinse Finance reported that BitMine Chairman Tom Lee stated in an interview with CNBC that Ethereum currently has strong fundamentals, with stablecoin trading volume and application layer revenue both reaching all-time highs, and a price breakout is expected to follow. Tom Lee reiterated his previous year-end price prediction, forecasting that Bitcoin will rise to the $150,000-$200,000 range, while Ethereum will reach $7,000.
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The Dow Jones Index closed down 226.19 points, while the S&P 500 and Nasdaq rose.
