Bitcoin Rally

September is done now. It was a pretty mixed month for the crypt industry, with coin prices moving with high volatility. However, many in the crypto market are still confident that things will be better in October. As it has always been, any recovery that comes to the crypto market will hit Bitcoin first. The asset remains by far the most valuable in the industry. So, it will need to lead others that hope to see gains as well. Recapping…

Sidelined Wall Street legend Mike Novogratz, founder and CEO of Galaxy Digital Holdings has recently predicted that the bitcoin bull run will continue until the asset's price hits $100,000. Bitcoin's Price To Double By Year-End In an interview with Bloomberg on Thursday, Novogratz said that bitcoin might stay within the $50,000 mark for a little while, but it will ultimately get to $100,000 this year. He said, "It feels like we’re going to consolidate a little bit in this US$50,000…

The performance of Bitcoin received a boost on June 1 as it incurred an upside momentum that led to a rally from $9.5k to a high of $10.4k, representing a $900 gain in a few hours. After such a move, analysts flipped bullish on the benchmark asset. Some market participants were expecting Bitcoin to slip following such a powerful breakout. Based on the expectations of a few traders, it slipped as it traded against the sentiment of the majority. It…