For those who do not know Mike Novogratz he is an ex-hedge fund manager. He is a former Goldman Sachs trader and also worked at investment firm Fortress Investment Group. He was ranked a billionaire by Forbes in 2007 and 2008 and now Novogratz is the chief executive officer of Galaxy Digital Holdings Ltd. He now believes we could be in for another 13% fall to USD 6,500! In an interview with CNBC he said: “There’s been a bunch of negative things that have happened recently,” He then added that Bitcoin would need “need new energy” to push back up to the 8K level. Novogratz stated the U.S. Security and Exchange Commission’s (SEC) decision to halt plans from popular messaging app Telegram to launch and produce its own cryptocurrency has also weighed on sentiment. “That was a kick in the stomach to the overall crypto ecosystem.” he said. Today Bitcoin has recovered a touch after bouncing off the historical support level of 7,310.00 yesterday, The market often consolidates after a market crash as the supply and demand balance realign. There was some good news for the digital gold as Bakkt announced a BTC options contract will be created in the latter part of the year. So let’s see if there can be any positive momentum from that story but its looking doubtful. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next ECB expects Eurozone economy to remain stuck in low gear – Danske Bank FX Street 3 years For those who do not know Mike Novogratz he is an ex-hedge fund manager. He is a former Goldman Sachs trader and also worked at investment firm Fortress Investment Group. He was ranked a billionaire by Forbes in 2007 and 2008 and now Novogratz is the chief executive officer of Galaxy Digital Holdings Ltd. He now believes we could be in for another 13% fall to USD 6,500! In an interview with CNBC he said: "There's been a bunch of negative things that have happened recently," He then added that Bitcoin would need "need new energy" to push… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
