- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Tom Lee: Crypto Market Dragged by Deleveraging, Cryptocurrency Parabolic Rallies Typically Follow Precious Metals
BlockBeats News, January 24th, BitMine Chairman and Fundstrat Co-Founder Tom Lee said in an interview with CNBC, "Cryptocurrency has always been affected by deleveraging. The '1011' crash had a huge impact on the market, which was the biggest deleveraging event in cryptocurrency history. Then this week, cryptocurrency was performing well until the 'Greenland' statement was released, causing volatility in Japanese government bond yields and cryptocurrency deleveraging. So, unfortunately, I think cryptocurrency, to some extent, should have followed the trend of gold, but the deleveraging effect must be removed. I think this is the real reason affecting cryptocurrency."
"I believe cryptocurrency remains very important as a settlement layer, but this is more about smart contracts, meaning that relative to Bitcoin, this is more of an Ethereum story. Bitcoin has recently faced some challenges because some people are concerned that quantum computing could steal or break into one-third of Bitcoin's old wallets. I don't think Bitcoin's story has collapsed. It's just waiting for regulatory clarity, and institutional adoption is growing. So, I still don't think a $200,000 Bitcoin is that crazy. It's just a doubling of the price."
"Historically, cryptocurrency's parabolic rise often follows the parabolic rise of precious metals. So, unless that doesn't happen in the next few years, I don't think this is a story that has already collapsed."
You may also like
ETH Ecosystem Month: A $1.5 Million Trading Opportunity Focused on Ethereum Assets
Explore ETH trading opportunities on WEEX with ETH Ecosystem Month. A $1.5M campaign covering ETH spot trading, ETH futures rewards, leaderboards, and referral incentives across the Ethereum ecosystem.
Bitcoin 30-Day Realized Losses and Gold Reaching Record Highs
Key Takeaways Bitcoin holders have experienced a rare stretch of 30-day realized losses for the first time since…
Central banks vs Bitcoin: Who truly earns the public’s trust?
Key Takeaways The debate over trust between central banks and Bitcoin continues, receiving global attention at the World…
Kaspa is Expected to Decline to $0.032939 by January 26, 2026
Key Takeaways Kaspa’s price is projected to drop 23.07% within the next five days. Current market sentiment for…
Bitcoin Fills New Year CME Gap with Sub-$88K BTC Price Drop
Key Takeaways Bitcoin’s price has closed a significant CME gap that appeared at the beginning of the year,…
Bitcoin Exhibits Resilience at $92K Amidst Economic Fluctuations: Is the Downturn Over?
Key Takeaways: Bitcoin remains robust at $92,000, though ETF outflows and geopolitical concerns loom. BTC futures premium close…
Crypto Mortgages in the US Tackle Valuation Risks and Regulatory Challenges
Key Takeaways The adoption of crypto mortgages is facing challenges around valuation risks and regulatory uncertainties in the…
Can Bitcoin Regain $90K? Bulls at Risk as Long-Term Holders Increase Selling
Key Takeaways: Bitcoin has declined below the $90,000 mark amid increased selling pressure from whales and long-term holders.…
Michael Saylor’s Strategy Surpasses 700,000 Bitcoin with a New $2.1B Acquisition
Key Takeaways: Michael Saylor’s Strategy has significantly increased its Bitcoin holdings to an impressive 709,715 BTC after purchasing…
Bitcoin Pursues $90K: Trump to Fast-Track Crypto Legislation
Key Takeaways Bitcoin is gaining momentum as President Trump indicates imminent crypto-friendly legislation. Trump’s World Economic Forum speech…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
Trump Takes on the Fed, Italy Warns Financial Influencers: A Global Overview
Key Takeaways President Trump initiates criminal charges against the Fed Chairman, potentially impacting U.S. monetary policy. Coinbase halts…
What Happened in Crypto Today: Key Updates and Insights
Key Takeaways A crucial crypto bill’s progress is delayed as the Senate pivots its focus to broader affordability…
Younger Americans Embrace Crypto as Boomers Lean on Banks: Insights from a Survey
Key Takeaways A significant generational divide exists in trust and acceptance of cryptocurrency, with younger people showing more…
Crypto’s Decentralization Dream Falters at Interoperability
Key Takeaways The promise of decentralization in the crypto industry is hindered by centralized intermediaries managing interoperability between…
Ethereum Price Prediction – ETH Price Estimated to Reach $ 3,660.02 By Jan 23, 2026
Key Takeaways Ethereum’s price is currently at $3,203.60 with a predicted increase to $3,660.02, marking a potential rise…
Midnight Price Prediction – NIGHT Price Anticipated to Decline to $ 0.047821 By January 25, 2026
Key Takeaways Midnight’s price is anticipated to decrease by 23.24% in the following five days, with a prediction…
AI News Today: Can AI Make Blockchain Systems More Reliable in Live Crypto Markets?
Learn how AI is used in blockchain systems to detect risks, improve reliability, and support secure crypto trading in live crypto market environments.
ETH Ecosystem Month: A $1.5 Million Trading Opportunity Focused on Ethereum Assets
Explore ETH trading opportunities on WEEX with ETH Ecosystem Month. A $1.5M campaign covering ETH spot trading, ETH futures rewards, leaderboards, and referral incentives across the Ethereum ecosystem.
Bitcoin 30-Day Realized Losses and Gold Reaching Record Highs
Key Takeaways Bitcoin holders have experienced a rare stretch of 30-day realized losses for the first time since…
Central banks vs Bitcoin: Who truly earns the public’s trust?
Key Takeaways The debate over trust between central banks and Bitcoin continues, receiving global attention at the World…
Kaspa is Expected to Decline to $0.032939 by January 26, 2026
Key Takeaways Kaspa’s price is projected to drop 23.07% within the next five days. Current market sentiment for…
Bitcoin Fills New Year CME Gap with Sub-$88K BTC Price Drop
Key Takeaways Bitcoin’s price has closed a significant CME gap that appeared at the beginning of the year,…
Bitcoin Exhibits Resilience at $92K Amidst Economic Fluctuations: Is the Downturn Over?
Key Takeaways: Bitcoin remains robust at $92,000, though ETF outflows and geopolitical concerns loom. BTC futures premium close…
App