Former hedge fund manager and Bitcoin (CRYPTO: BTC) investor Michael Novogratz said that the cryptocurrency market is in “good shape” as long as Bitcoin and Ethereum (CRYPTO: ETH) hold above important levels.
What Happened: Novogratz, the founder and CEO of Galaxy Digital Holdings Ltd. (OTC:BRPHF), told CNBC on Tuesday that key levels to watch in the short term are $40,000 for apex cryptocurrency Bitcoin and $2,800 for Ethereum, the second-largest cryptocurrency by market capitalization.
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“As long as those hold, I think....More>>>