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Tom Lee suggests market bottom based on AI demand and crypto resilience

Stocktwits +1 · ·by G4L

BMNR
BMNR BitMine Immersion Technologies Inc
$18.61 -0.80%
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  1. 1Tom Lee, chairman of Bitmine Immersion Technologies (BMNR), said the market has reached a bottom.
  2. 2The crypto market reaction was minimal despite Binance's $6.3 billion hacking loss last week.
  3. 3Semiconductor stocks fell 17% in October, but the S&P 500 fell by less than 1%.

So what's the key point?

Tom Lee says the market is now at its bottom. This is because the crypto market is holding up well despite hacking losses and the overall market has dropped less than semiconductor stocks.

Source Stocktwits +1 · View original ↗

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