Galaxy Digital CEO foresees Bitcoin to Fluctuate Between $55,000 and $75,000 This Quarter

According to Bloomberg, Michael Novogratz, the founder and CEO of Galaxy Digital Holdings Ltd., a digital asset financial services company, believes that Bitcoin may continue to trade within a narrow range of $55,000 to $75,000 in the current quarter, while the adoption of cryptocurrencies in traditional finance continues. Novogratz also suggests that the market may continue in a similar state until the Federal Reserve begins to cut interest rates (which usually indicates an economic slowdown) or until the end of the US presidential election (which could bring some clarity to the regulatory environment for cryptocurrencies).