Bitmine’s Tom Lee Sees Crypto Rally Into Year-End, Says S&P 500 Could Climb Another 10%

Why It Matters

69, Bitcoin ~$111,776 and Ether ~$3,952, implying that liquidity and derivatives dynamics could steer risk assets higher into year‑end.

Summary

Tom Lee said on CNBC that U.S. stocks and crypto are set for a year‑end rally, projecting the S&P 500 could rise 4%–10%—potentially topping 7,000—as Fed cuts and lingering investor skepticism fuel late‑year gains. He flagged Oct. 10 as a major liquidation event that left Bitcoin and Ether with record‑low open interest and improving technicals, arguing a cleaner derivatives backdrop and rising ETH on L1/L2 (stablecoin‑driven) set up a crypto rebound. The view is supported by signs of traditional‑finance acceptance (e.g., JPMorgan) and the recent market context: S&P 500 at 6,791.69, Bitcoin ~$111,776 and Ether ~$3,952, implying that liquidity and derivatives dynamics could steer risk assets higher into year‑end.