With the opening of the US stock markets with buyers bitcoin It rose to $22350 levels and again approached the $22,000 limit.
US stock markets opened with buyers.
Dow +0.7
Nasdaq +1.2
S&P 500 +1.04#Bitcoin 22350$
— Bitcoin System (@bitcoinsystem) July 19, 2022
Yesterday we mentioned that $21600 is critical. As long as we stay above this level, we continue to look at the market positively and not to trade without stop due to the upcoming FED meeting.
$500,000 Still on Target
in bitcoin slight signs of recovery have turned mainstream media attention back to the cryptocurrency markets.
Michael Novogratz, CEO of Galaxy Digital, who attended the Bloomberg crypto summit today Expectations of Bitcoin explained.
Saying that Bitcoin can still rise to $ 500,000, the famous CEO said that a 5-year period is needed for this.
The highlights of Novogratz’s interview, who said that the worst for cryptocurrencies is over, are as follows:
“Bitcoin could still reach $500,000 in 5 years.
Bitcoin is unique as a store of value.
My cardiologist lost $1 million in cryptocurrencies.
In my opinion, the worst for cryptocurrencies and Bitcoin is over.
More hedge funds will fail. In such cases the whole industry seems stupid.
This literally turned into a credit crisis. The rate of attention to risk management in the sector is quite low. This crisis started with LUNA.”