Galaxy Digital CEO: Bitcoin Unlikely to Fall Below $55,000 Thats the New Floor

Galaxy Digital CEO Michael Novogratz says he doesn’t believe the price of bitcoin will fall back down to the $50K-$55K level. “I think that’s the new floor unless something dramatic happens,” he described. “This has been a wild ride of an asset,” he added, noting that we’re in price discovery mode and if you look [...]

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Galaxy Digital CEO Believes Bitcoin Will Not Fall to $50,000-$55,000 Without Major Shift

Michael Novogratz predicts Bitcoin's stability above $50K-$55K hinges on US spot ETF flows, cautioning investors to brace for potential corrections. (Read More)

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BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages

BitGo has accused Galaxy of “improper repudiation” and “intentional breach” of the merger in a lawsuit filed with Delaware Chancery Court.

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Will Bitcoin Price Go to the Moon as Crypto Billionaire Says?

Crypto investor Michael Novogratz, foresees that the reduction of bond holdings that the Federal Reserve plans to initiate from May, could boost Bitcoin prices in the markets.

Continue reading Will Bitcoin Price Go to the Moon as Crypto Billionaire Says? at DailyCoin.com.

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Goldman Sachs completes first OTC crypto options trade with Galaxy

Galaxy Digital previously facilitated the launch of Goldman Sachs’ Bitcoin futures trading product for CME Group in June 2021.

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Feds increased rate won’t positively affect Bitcoin price, here is why

While many analysts predict that the hiked interest rate by the Feds would lead to a positive movement in the price performance of Bitcoin, a leading billionaire investor, however, disagrees with this notion.

The post Feds increased rate won’t positively affect Bitcoin price, here is why appeared first on CryptoSlate.

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Bitcoin Will Not Fulfill Its Role As A Transactional Currency, Says Michael Novogratz

Michael Novogratz thinks Bitcoin will not be used as a transactional currency in the future. He holds this view despite the increasing adoption of The Lightning Network. The CEO believes serious investors would move away from Bitcoin and embrace newer projects. Michael Novogratz’s opinion of Bitcoin might irk some enthusiasts but he believes it is […]

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Ethereum outperforms Bitcoin because people see it as a technology bet, says Mike Novogratz

Ethereum price has jumped nearly 680% this past year, while Bitcoin has added about…

The post Ethereum outperforms Bitcoin because people see it as a technology bet, says Mike Novogratz appeared first on Coin Journal.

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Mike Novogratz Warns of Credit Crunch in US and Globally — Expects Fed to Cut Rates ‘Sooner Than We Think’

Galaxy Digital CEO Mike Novogratz has warned of a credit crunch in the U.S. and globally. Emphasizing that “we are heading into a recession,” he expects the Federal Reserve to cut interest rates “sooner than we think.” Novogratz on Global Credit Crunch and Recession Galaxy Digital CEO Mike Novogratz shared his outlook for the U.S. [...]

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Bankrupt Celsius to spend $24M from GK8 sale on legal expenses

Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8. On July 17, the Celsius Network’s debtors submitted a filing stating that its Series B holders have agreed on a settlement to distribute $25 million from the [...]

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Bitstamp crypto exchange to raise funds for global expansion: Report

Bitstamp, one of the world’s longest-running cryptocurrency exchanges, is moving forward with its global expansion ambitions, reportedly working to raise new funds to scale operations. Crypto exchange Bitstamp started the fundraising process in late June, with Michael Novogratz’s Galaxy Digital Holdings acting as an adviser, Bloomberg reported on Aug. 7. The firm plans to use [...]

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