Mike Novogratz Says Bitcoin Will Lead the Market Out of Fed Rate Hike
BitcoinMike Novogratz Says Bitcoin Will ‘Lead the Market’ Out of Fed Rate Hike06 / 17 / 2022बिटकॉइन एथेरियम समाचार Mike Novogratz remains bullish on Bitcoin and altcoins adoption despite the bearish market. Mike Novogratz has weighed in on the current situation of Bitcoin, largely caused by the Federal Reserve interest rate hike. The alarming inflation crash has brought Bitcoin to its lowest price of $20,289 since December 2020. Along with other cryptocurrencies, the largest crypto asset by market cap has been continuously declining, raising fears and concerns in the crypto community. At the time of writing, the top crypto trades at a 4.08% loss to $20.915. Since BTC saw its ATH of $69,000 in November last year, it has nosedived about 70%. Celsius‘ decision to freeze customers’ withdrawals sparked new hits on cryptocurrencies. Mike Novogratz Is Confident in Bitcoin Leading the Next Rally Amid the current crypto market condition, Mike Novogratz is confident in Bitcoin leading a new rally after the Fed reconsiders its most recent move on the interest rate increase. Speaking to CNBC in an interview, the founder of the asset management firm Galaxy Digital mentioned: “Bitcoin will lead the markets back out of this Fed hike… The moment the Fed flinches… Because