BitMine Chairman Tom Lee says that de-risking in the United States, South Korea, and Taiwan is spilling over into crypto markets. Ethereum (ETH), the asset held by BitMine, fell 1.91% over seven days while Bitcoin (BTC) slipped 0.177%. Lee cites several trigger factors: AI funding and safety concerns, US-Iran war activity, midterm election nerves, and rising bond yields. The cryptocurrency market remains exposed to these macroeconomic and geopolitical headwinds.
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