Express

Galaxy Digital CEO Sees It Hard For Crypto To Bounce Back Before Stocks Recover

Mary Liu

Summary: Galaxy Digital CEO Mike Novogratz said on Twitter that the cryptocurrency has seen a sizeable sell-off and is gaining some buying support.  He predicts that the downward pressure on the Nasdaq and cryptocurrencies will not ease as long as interest rates continue to rise, and it will be difficult for cryptocurrencies to rebound until the ...

Galaxy Digital CEO Mike Novogratz said on Twitter that the cryptocurrency has seen a sizeable sell-off and is gaining some buying support. 

He predicts that the downward pressure on the Nasdaq and cryptocurrencies will not ease as long as interest rates continue to rise, and it will be difficult for cryptocurrencies to rebound until the stock market picks up.

Bitpush Terminal data shows that Bitcoin is precarious at the support level of $38K, trading at $38,225.88 at press time. Mike Novogratz earlier predicted that institutional investors would see $38K as an attractive buy opportunity as they want to buy in the 2022 sell-off. 

By Mary Liu

Last Update:

Tags: ,,
Link: Galaxy Digital CEO Sees It Hard For Crypto To Bounce Back Before Stocks Recover   [Copy]
Next:

Related Articles

  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 2 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 16 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 23 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 27 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? September 2, 2025

    • You need to login to comment.