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Tom Lee declares crypto winter over as Ethereum gains three months in a row amid geopolitical tensions.

Market News
12 May 2026
Benzinga
Bullish
pluang ai news

Tom Lee, Chair of BitMine Immersion Technologies, stated that the cryptocurrency winter is ending, highlighted by Ethereum's three consecutive months of gains, a first in crypto winter history. He noted Ethereum's strong performance during the Iran conflict, calling it a 'wartime store of value.' Despite Lee's optimistic stance, BitMine recently slowed its Ethereum purchases. Ethereum traded around $2,310, while BitMine shares showed mixed short- and long-term trends. Lee's projections have been cautious but optimistic about crypto's recovery.

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