Mike Novogratz, CEO of Galaxy Digital, predicts Bitcoin will maintain its current price range of $55,000 to $75,000 in the near term, despite recent market fluctuations. Speaking during Galaxy Digital's first-quarter earnings call, Novogratz highlighted the cryptocurrency's consolidation phase, influenced by broader economic factors and upcoming rate decisions by the Federal Reserve. He remains optimistic about Bitcoin's performance, expecting a price increase by the end of the quarter driven by significant market events or regulatory clarity post-U.S. presidential elections.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
