Solana

Galaxy

Bitcoin

Optimism

<ul>
 <li>Novogratz predicted that Bitcoin’s price would stay relatively flat this quarter.</li>
 <li>Crypto prices will continue to rise as soon as a new wave of favorable conditions arrives.</li>
</ul>
Michael Novogratz, CEO of <a href="https://thenewscrypto.com/galaxy-digital-snaps-up-76m-in-ethereum-amidst-recent-price-surge/" target="_blank" rel="noopener noreferrer nofollow">Galaxy Digital</a>, has expressed pessimism about the short-term future of Solana, Ethereum, and Bitcoin. While adoption from more conventional investors increases, Novogratz predicted that Bitcoin’s price would stay relatively flat this quarter on a May 14 conference call.
Following last week’s corrections that saw <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> price drop below $61,000, the cryptocurrency is again trying to recover. Optimism in Bitcoin, altcoins, and memecoins has been stoked by the increasing liquidations caused by the asset’s short-term price volatility.
<h3 class="wp-block-heading" id="h-under-consolidation-phase">Under Consolidation Phase</h3>
There may not be a dramatic increase beyond the all-time high this quarter, according to the Galaxy Digital Founder, who was quoted by Bloomberg as saying this during the consolidation period after the introduction of spot Bitcoin <a href="https://www.investopedia.com/terms/e/etf.asp" target="_blank" rel="noopener noreferrer nofollow">ETFs</a>.&nbsp;
The CEO stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “We are in the consolidation phase in crypto. Bitcoin, Ethereum, and everything else, Solana will consolidate, what does that mean? It means probably somewhere between $55,000 and $75,000 until the next set of circumstances, the next set of market events bring us higher.”
</blockquote>
After the approval of spot Bitcoin ETFs on January 11 and the momentum of the BTC halving, the market saw a positive surge in Q1 2024, according to <a href="https://thenewscrypto.com/mike-novogratz-predicts-significant-bitcoin-price-surge-by-year-end/" target="_blank" rel="noopener noreferrer nofollow">Novogratz’s</a> estimate. The asset’s price peaked at about $73,000 prior to the recent declines. The current state of affairs is a result of both sector circumstances and macroeconomic considerations.
The decline in decentralized finance (DeFi) figures is a direct result of the decline in on-chain activity and trading volumes in top assets. Digital asset prices, according to Novogratz and other optimistic traders, will continue to rise as soon as a new wave of favorable market conditions arrives.&nbsp;
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/solana-sol-price-at-a-crucial-juncture-bulls-and-bears-prepare-for-a-decisive-battle/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL) Price at a Crucial Juncture: Bulls and Bears Prepare for a Decisive Battle</a>

Michael Novogratz Predicts Flat Price Movement for Leading Cryptos

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