Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Tom Lee: End-of-quarter portfolio rebalancing causes weakness in the crypto market, Bitmine increases holdings by $43 million in ETH

Tom Lee: End-of-quarter portfolio rebalancing causes weakness in the crypto market, Bitmine increases holdings by $43 million in ETH

AiCoinAiCoin2026/06/29 12:56
Show original
Tom Lee attributed the recent weakness in the crypto market to end-of-quarter portfolio adjustments. Bitmine purchased $43 million worth of ETH, marking Bitmine’s smallest-scale purchase since early May. Tom Lee noted that investors are cutting losses before the start of the second half of the year.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Blackstone (BX.US) injects up to $1.5 billion, providing fresh ammunition for Pfizer (PFE.US) in the weight-loss drug race

Pfizer announced on Wednesday that it has reached an agreement with Blackstone to obtain up to $1.5 billions in funding to support the development of its experimental monthly obesity treatment drug.

智通财经•2026/11/12 01:07

Google (GOOGL.US) DeepMind launches AlphaGenome 2: Capable of decoding DNA cells with nearly double the mutation identification capacity

Google DeepMind has released its AI model AlphaGenome 2, which is trained on maps of over 100 millions of cells and has nearly double the ability of its predecessor in identifying gene expression variations.

智通财经•2026/11/12 01:01
Google (GOOGL.US) DeepMind launches AlphaGenome 2: Capable of decoding DNA cells with nearly double the mutation identification capacity