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💥💥💥 #bitcoin , #Ethereum , And #Solana⁩ : Galaxy Digital CEO Predicts Next Market Movements Mike Novogratz, CEO of Galaxy Digital, predicts a narrow trading range for Bitcoin (BTC) this quarter amidst evolving adoption by traditional finance. Novogratz sees Bitcoin, Ethereum (ETH), and Solana (SOL) undergoing consolidation, with BTC likely fluctuating between $55,000 and $75,000 until significant catalysts emerge. Following a historic bull run, the market has stagnated, influenced by factors like spot US Bitcoin ETF launches and the Bitcoin Halving. However, diminishing optimism regarding Fed interest rate cuts and strong economic indicators reversed Bitcoin’s trend. Solana may consolidate within $120 to $150, reflecting recent stability. Ethereum, closely tracking Bitcoin, has traded between $2,870 and $3,200, failing to sustain above $4,000. Despite past tailwinds, Novogratz expects ongoing momentum unless significant developments, like Fed rate cuts or regulatory clarity post-election, occur. He notes increased willingness to lend crypto without collateral, signifying heightened engagement from individuals and institutions. Bitcoin saw a 2.7% decline on Tuesday, trading at $61,400, down 16% from its March high. Galaxy Digital reported strong first-quarter results, with net income tripling to $421.7 million. Source - www.newsbtc.com

💥💥💥 #bitcoin , #Ethereum , And #Solana⁩ : Galaxy Digital CEO Predicts Next Market Movements

Mike Novogratz, CEO of Galaxy Digital, predicts a narrow trading range for Bitcoin (BTC) this quarter amidst evolving adoption by traditional finance.

Novogratz sees Bitcoin, Ethereum (ETH), and Solana (SOL) undergoing consolidation, with BTC likely fluctuating between $55,000 and $75,000 until significant catalysts emerge.

Following a historic bull run, the market has stagnated, influenced by factors like spot US Bitcoin ETF launches and the Bitcoin Halving. However, diminishing optimism regarding Fed interest rate cuts and strong economic indicators reversed Bitcoin’s trend.

Solana may consolidate within $120 to $150, reflecting recent stability. Ethereum, closely tracking Bitcoin, has traded between $2,870 and $3,200, failing to sustain above $4,000.

Despite past tailwinds, Novogratz expects ongoing momentum unless significant developments, like Fed rate cuts or regulatory clarity post-election, occur.

He notes increased willingness to lend crypto without collateral, signifying heightened engagement from individuals and institutions.

Bitcoin saw a 2.7% decline on Tuesday, trading at $61,400, down 16% from its March high. Galaxy Digital reported strong first-quarter results, with net income tripling to $421.7 million.


Source - www.newsbtc.com

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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