Galaxy Digital CEO Mike Novogratz, in his post on his Twitter account, evaluated the current situation of the market after the ban news from China. Novogratz stated that he believes that now that Bitcoin and Ethereum (and the entire other cryptocurrency market) have taken a hit, there will be a consolidation.
$Luna trades are amazing. Columbus is coming. Same with “Next with Novo” podcast…mostly lots of new projects post Columbus. it reminds me of $LEFT pre-huge ramp. $BTC and $ETH will consolidate. Just my thoughts. Remember you don’t need to catch everything. Focus on what’s working.
— Mike Novogratz (@novogratz) September 24, 2021
Galaxy Digital CEO Mike Novogratz made some evaluations about the current situation in the market in his post on his Twitter account. According to Novogratz, while evaluating the current situation on Terra (LUNA) quite well, he also drew attention to the Columbus-5 update. He also stated that the Columbus update could be the trigger for a big jump, as in the update brought by Solana.
Commenting on Bitcoin and Ethereum, Novogratz thinks that BTC and ETH will consolidate. At the end of the tweet, he stated that these views are entirely his own and everyone should focus on their own business; He also warned that investors don’t have to catch everything in the market.
The last day, with the ban on cryptocurrencies by China once again on the agenda, there was a great decrease in crypto assets. The decline of Bitcoin below $ 40,000 and Ethereum below $ 3000 caused great concern in the markets.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.