Log in

Register



ICO   STO   IEO 

"Link your ICO to Success!"

-50% for all Promotions

ICO List bg

Mike Novogratz: sellers in the cryptocurrency market are already depleted

ICO-NEWS-sellers-in-the-cryptocurrency-market-are-depleted Mike Novogratz | General Manager of Galaxy Digital

"There is a cycle of depletion of sellers in the market of cryptocurrencies," said General Manager of Galaxy Digital and former hedge fund manager Mike Novogratz at the second annual event of Yahoo Finance All Markets Summit.

Last week, he said on social networks that the cryptocurrency market had bottomed out, comparing the Bloomberg Galaxy Crypto (BGCI) indices at the moment with last year's indications, from which the market began an upward movement. This time, he argued his opinion on the pricing of Bitcoin, which for the first time since the beginning of 2018 shows stability.

"Bitcoin has held $6,000. Yes, it is off its highs, but it has established itself as a store of value," - quotes his words Reuters. "It seems to me that large financial institutions will soon begin to invest in it."

Most of the crypto currency is currently in the green zone. Particularly strong is Ripple, which grew by more than 40% due to a statement by Sagara Sarbhaya representative about the possible launch of the xRapid payment product in October.

On September 20, the US Securities and Exchange Commission began consideration of the application for the launch of ETF bitcoin from VanEck and SolidX. The Commission also asked for additional public comments on the new instrument. The launch of this procedure is related to the Commission's desire to get the community's opinion on 18 key issues. 

1
Vitalik Buterin: zk-SNARK will allow to scale Ethe...
Venezuela will start using petro in international ...
 

Comments (0)

There are no comments posted here yet

Leave your comments

  1. Post comment as a guest (Moderator approval).
    To comment without approval Sign In or Register
0 Characters
Attachments (0 / 3)
Share Your Location