Crypto Analyst Tom Lee: Bitcoin Dip Triggers ‘Tactically Positive’ Signal for Ethereum, XRP, EOS, Stellar and the Alts

By Daily Hodl Staff

The head of research and co-founder of Fundstrat says his firm’s recommendation is to stick with Bitcoin, but notes that the recent crypto flash crash could present an opportunity to trade in altcoins.

In a series of tweets, Lee compares the crypto market’s recent dive to historical trends back in 2014, noting that altcoins saw a 2.7X gain after falling 87%.

So far, Lee hasn’t offered his rational for the recent crypto market sell-off.

Current speculation includes market manipulation and recent report from Business Insider that cites anonymous sources who say Goldman Sachs has shelved plans to create a Bitcoin trading desk in the near future.

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