Bulls on parade: Galaxy Digital and Alameda pundits tip market recovery
Jason Urban, co-head of Galaxy Digital Trading thinks institutional adoption of crypto is in its early days and predicts BTC is set to reach new all-time highs once the FUD dissipates. Senior traders from Galaxy Digital and Alameda Research are predicting the crypto market is set to recover once the recent wave of bad news stories subside.Markets have been in a downturn since mid-May, with Bitcoin (BTC) fluctuating between the low to mid $30K range. Speaking with streaming financial news provider Kitco News on June 24, Jason Urban, co-head of Trading at Galaxy Digital asserted that once....
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BTC price action reminds traders of the initial dip in May as rejections characterize attempts to break higher. Bitcoin (BTC) fell precipitously on Friday after a rejection above $35,000 sparked a rout toward familiar support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin heads back toward $30,000Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it shed over $2,500 during trading on Friday.The pair had hit local highs of $35,400 overnight before abruptly reversing trajectory to fall below $33,000. For popular trader Crypto Ed, the situation was....
The investment company Galaxy Digital Holdings has revealed it is joining the growing list of firms looking to sponsor a bitcoin exchange-traded fund (ETF). Novogratz’s crypto firm applied with the U.S. Securities Exchange Commission (SEC) on Monday to launch a product called the “Galaxy Bitcoin ETF.” Galaxy Digital Wants to Provide a Bitcoin ETF Galaxy Digital Holdings (TSX: GLXY) filed a Form S-1 registration with the SEC on Monday in order to get approval for a new bitcoin ETF. The “Galaxy Bitcoin ETF” filing was submitted on April 12, 2021, and joins the....
It’s been a busy few months for crypto financial services firm Galaxy Digital. From sales to satoshis, the company has been making headlines. Galaxy Digital is fresh off the heels of acquiring digital assets infrastructure firm BitGo, and is one of four firms to lead a recent Canadian petition for an Ethereum ETF. Now, Galaxy […]
YFI price is still in a downtrend and many investors believe all attempts at recovery are being suppressed by Alameda Research. Yearn Finance (YFI) price has been in a serious rut during the past 2 weeks and many in the crypto community blame the sharp correction on Sam Bankman-Fried (SBF), the CEO of Alameda Research and FTX. In the past month, DeFi giant Yearn.finance’s native token YFI dropped 62.7% from $43,970 to $16,360.As Cointelegraph has reported, the majority of DeFi tokens corrected 40%-60% in September and this sell off took place as Bitcoin and Ether (ETH) prices also dropped.....
Billionaire Mike Novogratz has warned investors to not expect much of a recovery in bitcoin anytime soon. Novogratz who serves as the CEO of the digital asset merchant bank Galaxy Digital has always been a big proponent of Bitcoin and its advantages. However, he has recently shared his thoughts on the current market climate and what investors should be expecting in the coming days. Confidence Will Take A While The recent market crash has seriously impacted investor faith in the cryptocurrency market. As such, sell-offs across digital assets such as bitcoin have been rampant. Sentiment has....