Tom Lee: No Surprise to See "Window Dressing" in Crypto Market, Long-Term Outlook Remains Positive

According to PRNewswire, Tom Lee, Chairman of Ethereum treasury company Bitmine, stated that as the end of the June quarter approaches, it is not surprising to see "window dressing" behavior in the market, as some investors tend to reduce holdings of assets that have performed poorly over the past three months, thereby exerting some pressure on the short-term prices of cryptocurrencies. Last week was relatively tough for crypto investors, with ETH falling approximately 8%, but positive developments still emerged in industry fundamentals, including the establishment of Ethlabs and the Bank of England's stance on stablecoins becoming more accommodative.