Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “ Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere between $55,000 and $75,000 until the next set of circumstances, the next set of market events bring us higher.” The crypto market has remained stagnant since the historic bull run over the past two quarters, which was driven by the launch of U.S. spot bitcoin exchange-traded funds (ETFs) and the halving, reducing the supply of new tokens. “I think the election will bring clarity one way or the other to the crypto regulatory landscape,” he additionally said.
Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter
This article was published more than a year ago. Some information may no longer be current.
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