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I Don't Think Bitcoin Will Go Back Below $55K-$50K: Mike Novogratz

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Mike Novogratz believes a major Bitcoin correction should be expected but it will not take BTC far down

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Approximately six hours ago, the primary cryptocurrency established a new historic peak, reaching $73,637, according to the data provided by CoinMarketCap. Cryptocurrency blogger and journalist Colin Wu has reported that on March 12, spot Bitcoin ETFs saw a staggering $1.05 billion inflows. That was a new record amount seen by them within a single day since February 28. Compared to $673 million of inflows back then, on March 12 that was a rise of 56%.

 

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