Bitcoin in Holding Pattern While Altcoin Treasurys Gain Ground

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Bitcoin has likely been trading sideways as corporations have focused on stacking altcoins lately, though there could be an upswing coming later in the year, says Mike Novogratz, CEO of asset manager Galaxy Digital.

“Bitcoin’s at a consolidation right now. Partly because you’re seeing a lot of these treasury companies in other coins take their shot,” said Novogratz during an episode of CNBC’s Squawk Box on Thursday.

Blockchain tech firm BitMine Immersion Technologies has been leading the pack among altcoin treasury firms, recently buying $200…



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Bitcoin in Holding Pattern While Altcoin Treasurys Gain Ground


Bitcoin has likely been trading sideways as corporations have focused on stacking altcoins lately, though there could be an upswing coming later in the year, says Mike Novogratz, CEO of asset manager Galaxy Digital.

“Bitcoin’s at a consolidation right now. Partly because you’re seeing a lot of these treasury companies in other coins take their shot,” said Novogratz during an episode of CNBC’s Squawk Box on Thursday.

Blockchain tech firm BitMine Immersion Technologies has been leading the pack among altcoin treasury firms, recently buying $200…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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