The cryptocurrency market has reached a minimum, now it will start to grow. So says the well-known investor and founder of Galaxy Digital Capital Management Mike Novogratz.
Novogratz published a chart of the Bloomberg Galaxy Crypto Index, which, in his opinion, shows that the market reached the same point as it was in mid-November 2017. After that, the cryptocurrencies began to rise in price, and the cost of bitcoin (Bitcoin: BITCOIN) reached $20,000.
On September 12, after the total cryptocurrency market capitalization showed the lowest value since the beginning of the year, Bloomberg analyst Michael Patterson said that crypto’s 80% plunge is now worse than the dot-com crash in 2000. The next day the cryptomarket began to recover. Now the growth continues, almost the entire top ten most popular coins are traded in the green zone.