Summary
TLDR: Bitcoin’s rally slows down after reaching $53,000, currently at $50,900. Lee comments on its performance compared to broader market, holding up better.
Key Points
1. Bitcoin’s price had recently reached $53,000, its highest in 26 months, but had since dropped to $50,900.
2. Tom Lee’s comments came as bitcoin’s rally seemed to be losing momentum.
3. Despite a 1.8% decrease in price over the past 24 hours, bitcoin was holding up slightly better than the broader-market CoinDesk20 Index, which had seen a 3% decline during the same period.