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