BitMine chairman Tom Lee told CNBC that markets were in a selloff, with technology and semiconductor shares under pressure while defensive sectors strengthened, BlockBeats reported.
Lee says sentiment may be too bearish
Lee said the market had become too pessimistic. His technical analyst, Mark Newton, believed technology stocks had broadly reached support levels.
The comments describe Lee and Newton’s market views rather than a confirmed reversal. BlockBeats did not provide price targets or a timetable for any recovery.