Reserve

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Bitcoin

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  <p style="text-align: justify;">Mike Novogratz, the CEO of Galaxy Digital, recently revealed that he had been praying for four things that he believed would increase cryptocurrency prices in mid-May. Additionally, the expert also set a price target for <a href="https://en.coin-turk.com/crypto-crash-bitcoin-dives-to-29500-altcoins-follow-suit-amid-etf-turmoil/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.coin-turk.com/matrixport-predicts-bitcoin-to-soar-to-125000-by-the-end-of-2024/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) in his comments.</p> 
  <h2 id="analyst-s-four-wishes">Analyst’s Four Wishes!</h2> 
  <p style="text-align: justify;">The crypto billionaire stated that he did not expect to see so much progress on his wish list in such a short period of time. In his comments, he said:</p> 
  <blockquote> 
   <p style="text-align: justify;">Eight weeks ago, I was praying for four things that could help cryptocurrency prices: 1) The pause of the Fed. 2) Ripple winning the lawsuit. 3) Bitcoin ETF. 4) <a href="https://en.coin-turk.com/secs-asset-freeze-request-to-binance-could-deepen-crypto-market-fears/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>/CZ (Changpeng Zhao) reaching an agreement with the regulators.</p> 
  </blockquote> 
  <p style="text-align: justify;">Novogratz’s wish list includes the Federal Reserve halting interest rate hikes, Ripple winning the lawsuit against the Securities and Exchange Commission (SEC), the establishment of a Bitcoin spot ETF, and an agreement between Binance and its CEO Changpeng Zhao. Additionally, Binance CEO Changpeng Zhao is reaching an agreement with the US government.</p> 
  <p style="text-align: justify;">In continuation of his statements, Mike Novogratz addressed the long-standing interest rate hikes by the United States Federal Reserve, which is a matter of great interest to the crypto markets:</p> 
  <blockquote> 
   <p style="text-align: justify;">I did not expect so much progress on at least three of my wishes. The Fed will hike rates again and then take a break. Ripple needs to sit down with Biden/Gensler to sort out the law. There is no update on Binance yet, but we are still praying.</p> 
  </blockquote> 
  <p><img decoding="async" class="aligncenter size-full wp-image-237946" src="https://coin-turk.com/wp-content/uploads/2023/07/bitcoin.jpg" alt="" width="1122" height="512"></p> 
  <h2 id="fed-expectations">Fed Expectations!</h2> 
  <p style="text-align: justify;">Last week, Mike Novogratz predicted in an interview with CNBC that Bitcoin, the leading cryptocurrency, would end 2023 at a higher price level. In his comments, the analyst stated:</p> 
  <blockquote> 
   <p style="text-align: justify;">I think Bitcoin will end the year higher. We are consolidating between $28,000 and $32,000. If we can break the $31,500 resistance level, we will take a good step forward. This could happen when the Fed really turns around and backs off.</p> 
  </blockquote> 
  <p style="text-align: justify;">Bitcoin is currently trading at $29,745. The top-ranked cryptocurrency by market capitalization has dropped more than 1% in the last 24 hours.</p> 
  <h5>The post <a href="https://en.coin-turk.com/analyst-sets-price-target-for-bitcoin-and-shares-four-wishes-for-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Sets Price Target for Bitcoin and Shares Four Wishes for Crypto</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a></h5>
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Analyst Sets Price Target for Bitcoin and Shares Four Wishes for Crypto

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