Tom Lee, chairman of Ethereum treasury Bitmine, announced on CNBC that the recovery of Bitcoin and the broader cryptocurrency market has commenced. Lee highlighted that the crypto market has endured six declines exceeding 50% but is poised to recover swiftly. Current market data indicates Bitcoin has rebounded to approximately $71,306, marking a 3.5% increase over 24 hours, while Ethereum has risen to $2,126, reflecting a 4.6% gain.