Crypto Market Turn Predicted by Lee and CZ

Tom Lee, chair of Bitmine Immersion Technologies Inc., and Changpeng 'CZ' Zhao, founder of Binance, are both optimistic about a potential cryptocurrency market turn. CZ recently posted an AI-generated photo in reference to a popular meme, hinting that investors may be caught off guard when the market turns green.

Lee agrees with CZ's view, tweeting 'Agree, do you own enough crypto?' He also reiterated his $150,000 target for Bitcoin and projects Ethereum will reach $60,000 in a couple of years. Bitmine has been aggressively buying ETH, purchasing 17,362 last week alone, pushing its total holdings to over 6 million ETH.

However, the market momentum seen in September has faded recently due to climbing Treasury yields. Major cryptocurrencies have experienced a price drop as a result.