Crypto market reaches $100K: Novogratz warns of potential retracements
@novogratz: Crypto reaches $100K: Novogratz warns
Mike Novogratz reflects on a monumental week for the cryptocurrency market as it reaches the $100K milestone.
In a recent tweet, prominent crypto investor Mike Novogratz acknowledged the significant achievement of the market reaching $100K, marking a phase of growth for the industry. Despite this milestone, he cautioned investors to remain vigilant due to "leverage being sky-high and basis spreads the widest I've ever seen." Novogratz suggests that retracements could occur before the market ascends further, recommending discipline among investors.
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In the previous news, Mike Novogratz discussed the impact of a broad-based coalition achieving great success in the crypto space.
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