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Galaxy’s Novogratz Sees Bitcoin Stuck in $55,000 to $75,000 Range for Now
Michael Novogratz, the founder of digital-asset financial services firm Galaxy Digital Holdings Ltd., said Bitcoin is likely to remain stuck in a relatively narrow trading range for at least the current quarter while the adoption of crypto in traditional finance continues. “We are in the consolidation phase in crypto. Bitcoin, Ethereum and everything else, Solana will consolidate, what does that mean? It means probably somewhere between $55,000 and $75,000 until the next set of circumstances, the next set of market events bring us higher,” Novogratz said on a conference call after the firm released first-quarter ... (full story)