Tom Lee: Cryptocurrency May Be Currently Bottoming Out, Selling Pressure is Gradually Losing Steam

BlockBeats News, February 3rd, Tom Lee said on Monday in an interview with CNBC's "Squawk Box" that the selling pressure in the crypto market may be losing momentum.

"All conditions are in place, and the cryptocurrency market may currently be bottoming out," Lee said, adding that he believes the fundamental of the crypto industry remains strong, especially highlighting the increasingly active activities on the Ethereum network. "If that's the case, cryptocurrency prices should rise accordingly," Lee said.