CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bitcoin Set For Price Correction Post Surge, Galaxy CEO Mike Novogratz Says

22.11.2024
A A
0
120
VIEWS
ShareShare

Bitcoin’s surge to over $98,900 has prompted Galaxy CEO Mike Novogratz to predict a likely correction.

Speaking on Thursday, November 21, Novogratz explained that the cryptocurrency market is “levered to the gills,” signaling potential volatility despite the token’s record highs.

Galaxy CEO Mike Novogratz Expects Bitcoin Dip

In a November 21 X post, Novogratz highlighted both opportunities and risks for Bitcoin, emphasizing that pro-crypto leadership and global demand from regions like the Middle East are driving prices higher.

Bitcoin nearing $100K is just the start. With pro-crypto leadership, global demand from the Middle East, and limited supply, the stage is set for much higher prices. We’re in price discovery now. That said, there’s massive leverage in the system. The crypto community is levered… https://t.co/hoVcM0lsfD

— Mike Novogratz (@novogratz) November 21, 2024

“With pro-crypto leadership, global demand from the Middle East, and limited supply, the stage is set for much higher prices,” Novogratz wrote.

He added, “We’re in price discovery now. That said, there’s massive leverage in the system…though I don’t see $BTC dropping below $80k.”

As of Thursday, Bitcoin had once again shattered its previous records, trading at over $98,900.

Appearing on CNBC’s Squawk Box the same morning, Novogratz expressed confidence that the token would top $100,000 by the end of the week.

.@novogratz says bitcoin will hit 100,000 today or tomorrow. “Normally you hit 100, you bounce off of it. I would not be surprised if we go much higher.”https://t.co/NnMhOoHUDx

— Squawk Box (@SquawkCNBC) November 21, 2024

“Bitcoin nearing $100K is just the start,” he said.

Michael Saylor Remains Bullish as Bitcoin Surges

Novogratz’s cautious outlook contrasts with the bullish stance of MicroStrategy founder Michael Saylor.

During the same CNBC segment, Saylor shared his optimism, stating that Bitcoin’s price could exceed $100,000 by the end of 2024.

“I’m planning the $100,000 party,” Saylor told CNBC. “I’m thinking it’s probably going to be New Year’s Eve at my house, so I would be surprised if we didn’t go through $100,000 in November or December.”

Bitcoin is Manifest Destiny for the United States. My discussion of The Red Wave, MicroStrategy's $42 Billion Plan, the compelling logic of the Strategic #Bitcoin Reserve, and getting ready for the 100K party, with @MorganLBrennan. pic.twitter.com/fvkwRnCzlU

— Michael Saylor⚡ (@saylor) November 14, 2024

Unlike Novogratz, Saylor suggested that Bitcoin’s price would only rise further, calling the election of Donald Trump as president “incredibly auspicious” for the cryptocurrency market.

Trump, who previously criticized Bitcoin as “not money” in a 2019 X post, has recently embraced the digital asset sector.

Earlier this year, he launched his family’s crypto platform, World Liberty Financial, signaling a notable shift in his stance.

At the Bitcoin 2024 Conference, Trump told attendees, “We will have regulations, but from now on, the rules will be written by the people who love your industry, not hate your industry.”

The post Bitcoin Set For Price Correction Post Surge, Galaxy CEO Mike Novogratz Says appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar
All news

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

03.10.2025
0

With deep partisan divisions preventing Congress and the White House from reaching a funding agreement, the US government shut down...

Read moreDetails
Why Is Crypto Up Today? – October 3, 2025

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Load More
Next Post
Bitcoin CME Futures Briefly Surpass $100K on November 22

Bitcoin CME Futures Briefly Surpass $100K on November 22

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Renewable energy Bitcoin mining company powers up in Sweden

Renewable energy Bitcoin mining company powers up in Sweden

2 years ago
Litecoin Halving To Depict Bold Stance As Prepares For a Bull Chart!

Litecoin Halving To Depict Bold Stance As Prepares For a Bull Chart!

2 years ago
Quotes of AI Tokens Grew 185% in 3 Months

Quotes of AI Tokens Grew 185% in 3 Months

2 years ago
CoinsPaid Named Best Payment Provider in 2024

CoinsPaid Named Best Payment Provider in 2024

12 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Will a Europe-US BTC reserve race actually happen?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

Trending

Bitcoin above $120k: Here’s 3 data points bulls must watch next
Analysis

Bitcoin above $120k: Here’s 3 data points bulls must watch next

03.10.2025
0

Bitcoin price is back above $120,000, and the market has clean data to read instead of just...

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

03.10.2025
Why Is Crypto Up Today? – October 3, 2025

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz