Odaily Planet Daily reports that at the Paris Blockchain Week 2026, Bitmine Chairman Tom Lee stated that the current decline in the crypto market resembles a "mini crypto winter" and may be nearing its end, suggesting that risk assets have already bottomed out amid "bad news" such as geopolitical conflicts.
He noted that Ethereum is expected to emerge from its long-term consolidation, benefiting in the future from tokenization trends and the growth of on-chain agentic AI applications. If its market assumptions hold, ETH’s price could reach $60,000, with a long-term fair value potentially approaching $62,000—based on an estimate that Ethereum could attain roughly one-quarter of Bitcoin’s market capitalization.
Lee emphasized that the U.S. stock market has already bottomed out, driving a recovery in risk assets, and that this crypto correction represents a rare "non-synchronized bear market cycle" with equities. He also noted that markets often form bottoms following major negative events such as wars. To date, ETH has declined approximately 43% from its October 2025 high, with the market still in a clearly volatile range. (Cointelegraph)