Galaxy Digital CEO Mike Novogratz has described Bitcoin’s (BTC) recent performance as "disappointing," noting a stark divergence between the flagship cryptocurrency and gold’s record-shattering rally.
Galaxy Digital CEO Mike Novogratz has described Bitcoin’s recent performance as "disappointing," noting a stark divergence between the flagship cryptocurrency and gold’s record-shattering rally. The flagship cryptocurrency is currently failing to capture the same safe-haven bid that is driving the gold market to record highs.
U.Today Crypto Review: Can Bitcoin Survive $90,000? Shiba Inu Key Support Lost; XRP's Last Line of Defense U.Today Crypto Digest: Shiba Inu Bulls Buying the Dip, XRP Price Eyes Death Cross, Binance's CZ Calls NYSE Move 'Bullish for Crypto'He pointed to the surging price of gold as the primary indicator that faith in the greenback is eroding faster than anticipated.The Galaxy boss has also pointed to the bond market as a source of concern.Novogratz argues that the bulls have to reclaim the $100,000-$103,000 range in order to be able to regain their momentum. For now, the leading cryptocurrency is still stuck below the $90,000 level due to prevailing risk-off sentiment. , the financial services giant helmed by Mike Novogratz, is returning to its roots with the launch of a $100 million hedge fund. from the Financial Times, the fund is slated to launch in the first quarter of this year with capital from family offices, high-net-worth individuals, and institutional partners. Galaxy is also providing undisclosed seed capital. Up to 30% of the fund’s assets will be invested directly in liquid cryptocurrencies, with Portfolio Manager Joe Armao specifically citing bullish long-term conviction on Bitcoin , Ethereum , and Solana . The remaining capital will target financial services stocks. U.Today Crypto Review: Can Bitcoin Survive $90,000? Shiba Inu Key Support Lost; XRP's Last Line of Defense U.Today Crypto Review: Can Bitcoin Survive $90,000? Shiba Inu Key Support Lost; XRP's Last Line of Defense U.Today Crypto Digest: Shiba Inu Bulls Buying the Dip, XRP Price Eyes Death Cross, Binance's CZ Calls NYSE Move 'Bullish for Crypto' U.Today Crypto Review: Can Bitcoin Survive $90,000? Shiba Inu Key Support Lost; XRP's Last Line of Defense
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