Tag Archives: mike novogratz

Price Action Last Week: Market Establishes YTD Low, Then Bounces Back Strong

For many short-term speculators, the current cryptocurrency market could be classified as a bore, with prices remaining relatively stagnant, volume figures dwindling, and altcoins failing to see rapid bouts of non-linear price movement, which were so common during last year’s bull run. Regardless, prices still saw a slight uptick this week, with a majority of crypto assets posting healthy gains. Market… Read More »

Does This Market Indicator Confirm the Novogratz Predicted Rebound?

Bitcoin bull and highly cited cryptocurrency proponent Mike Novogratz called “bottom” this week on Twitter. On Friday, Bitcoin’s market performance and key market reversal indicated a possible turning point. What will Monday bring? Is the market still too bearish? Bitcoin Could Have Oversold According to a Friday report from Bloomberg, a key market sign — the Williams %R Indicator — is… Read More »

Litecoin (LTC) Leads Today’s Market Performance Together with Monero XMR: LTC Latest

Despite being criticized by many that the Silver coin LTC is depended completely by BTC‘s price movement, it is one of the few with high gains in the last 24-hours. Litecoin LTC Out of the top ten leading cryptocurrencies, Monero‘s XMR is tremendously positive at 8.07% increase, followed by the 7th largest by market cap LTC at 6.37%. Source:… Read More »

“Crypto Is Not Dead” Says Allianz Chief Economic Adviser

Despite the fact that the cryptocurrency market has lost over $600 billion of its capitalization since January, the Chief Economic Adviser of Allianz maintains that it’s not even close to being dead. “Crypto Is Not Dead” 2018 has been rough for cryptocurrencies as the total market shrank from near $800 billion in January to $199 billion at the… Read More »

Coinbase, BitGo Reaffirm Plans to Focus on Serving Institutions in Crypto

Advertisement Two US-based crypto behemoths, Coinbase and BitGo, will continue to facilitate growing demand for Bitcoin from institutional investors by operating as trusted custodians. Earlier this week, BitGo was approved by South Dakota regulators to create and operate a crypto custody solution, while Coinbase established a new office in New York exclusively to handle institutional demand into the… Read More »

Mike Novogratz Says the Cryptocurrency Market Has Found a Bottom

Advertisement For the past nine months, the cryptocurrency market has seen steady declines, forcing most altcoin prices down 80 percent or more from their all-time highs. Even bitcoin, “digital gold,” has shed 68 percent from its mid-December peak. However, the wind, says billionaire Galaxy Digital founder Mike Novogratz, is about to shift. Writing on Twitter, Novogratz, a former… Read More »

Mike Novogratz: I’m Calling a Bottom on Crypto, Big Rally Ahead

On Thursday, crypto investors awoke to an unexpected sight, with digital assets across the board posting substantial gains for the first time in weeks. While there were many short-term speculators who were satisfied with this move, there were some optimistic commentators, analysts, and influencers within this space that saw this uptick as the start of something big. #CallingABottom… Read More »

Crypto Market Cap may Hit $1 Trillion this Year Predicts Kraken CEO Jesse Powell

source: law.com Brokers and exchanges are the best people to guess the direction of markets and their price predictions are usually in line as they have first-hand access to data that gives the picture of the investment trends. Well if this time the prediction of an exchange operator comes true we could be seeing a crypto market cap… Read More »

Overstock Shares Plummet, Losing Around 50 Percent YTD

The cryptocurrency market has been in a steady decline for the last couple of weeks. Since the beginning of August, a little over $90 billion were wiped off the market. Popular e-commerce company Overstock has also felt the impact, forfeiting 50 percent of its value in 2018. A Bumpy Ride Much like other companies, Overstock marched into the… Read More »

Crypto Hedge Funds Launching at ‘Surprising’ Record Pace in 2018

Specialized cryptocurrency funds are launching at a record pace, according to a new research. While the prices are steadily depreciating across the board, these new findings challenge the notion of a continuous bear market. More Than 150 Cryptocurrency to Launch in 2018 According to a new research from Crypto Fund Research, there are a total of 466 cryptocurrency… Read More »