PANews reported on February 8th that, according to The Bitcoin Historian, Tom Lee, chairman of Ethereum treasury Bitmine, stated on a CNBC live broadcast that the recovery of Bitcoin and the entire cryptocurrency market has begun. He said the crypto market has "survived six drops of more than 50%, but will recover as quickly as it fell." Market data shows that Bitcoin has rebounded to approximately $71,306, a 24-hour increase of 3.5%; Ethereum has rebounded to approximately $2,126, a 24-hour increase of 4.6%.