on the X social media network , Galaxy Digital CEO Mike Novogratz dismissed a recent market correction as a"risk fish."The cryptocurrency mogul is convinced that Bitcoin, the largest cryptocurrency, will be able to resume its uptrend.
As noted by Bloomberg this was the largest Bitcoin drop within a single session since the collapse of the Silicon Valley Bank . The drop occurred due to tensions in the Middle East, with Iran recently targeting Israel with a significant missile and drone attack. The attack, which involved hundreds of drones and missiles, was supposed to be a retaliation after Israeli warplanes bombed Iran's consulate in Damascus, Syria, earlier this month. "I pray cool heads prevail and this is not the start of a major regional conflict.
Moreover, the cryptocurrency billionaire recently tweeted that micro-financial conditions would be favorable for the cryptocurrency market this year since he predicted that the U.S. Federal Reserve would cut interest rates. However, persistent inflation concerns coupled with tensions in the Middle East could delay rate cuts. Earlier this week, the price of the top cryptocurrency experienced a sharp drop after the core consumer price index showed higher-than-expected growth. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »