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Tom Lee Declares Stock Bottom, Boosting Bitcoin and Ether Prospects
Fundstrat co‑founder Tom Lee said the Iran cease‑fire signals the stock market bottom, noting a break above the S&P 500’s 200‑day moving average at 6,617 would trigger a decisive rise. He pointed to equities climbing from 6,300 to 6,600 despite oil jumping to $116 and escalating war news, then rallying 2.5% as de‑escalation began. Bitcoin followed, spiking past $72,000 alongside futures, while its on‑chain price sits 21% below spot, a historic bottom indicator. Lee’s firm recently bought 71,252 ether, underscoring his bullish stance, though he warned a fraying truce could reverse gains. Read on coindesk.com
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