RATE Group | Novogratz: Seller Fatigue Indicates Market Has Bottomed Out
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Novogratz: Seller Fatigue Indicates Market Has Bottomed Out

22 Sep Novogratz: Seller Fatigue Indicates Market Has Bottomed Out

Posted at 07:39h in Ethereum News by

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Bitcoin (BTC), Cryptocurrency–Long time cryptocurrency industry figure and perennial crypto-bull Michael Novogratz, has made headlines again with his assertion that the seller fatigue indicated by current price movements shows that the market has bottomed out for Bitcoin and other popular currencies.

Led by the meteoric rise of XRP throughout the week, which at point had posted a twenty four hour price increase of 70 percent, the entire market of cryptocurrency has managed to gain nearly $30 billion to the market capitalization over the preceding seven days. Novogratz, the CEO of digital assets merchant bank Galaxy Digital, made his comments on the state of Bitcoin and crypto pricing at a Yahoo Finance event titled “All Markets Summit.” In addition to reiterating his stance on seller fatigue and the market reaching a relative bottoming out of 2018’s ongoing bear cycle, Novogratz made similar comments last week that shed positive light on the stability of BTC,

This is the…

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