Tom Lee Calls Market Sell-Off an Overreaction, Sees Buying Opportunity

Quick Summary:

Tom Lee, head of Fundstrat Research, has labeled the January 27 market sell-off—which saw Nvidia (NVDA) plunge 17% and Bitcoin dip to $97,500—as an overreaction and a key buying opportunity, according to CoinDesk.

Following the drop, Nasdaq futures rebounded 1%, Nvidia gained 5% in pre-market trading, and Bitcoin recovered above $103,000.

Federal Reserve Rate Decision – A rate pause or dovish tone could fuel a Bitcoin rally.

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Article Details

Author / Journalist: Editor Team

Category: Crypto

Markets: IndiaChina

Topics: Tom Lee Tom Lee market sell-off buying opportunity Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-29 @ 13:12:03 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © BitcoinWorld

News ID: 25604868

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