CEO Mike Novogratz noted this sale was part of a profit-taking trend among early bitcoin adopters, indicating weakening conviction in the “HODLing” philosophy.
Why a $9 billion bitcoin sale by single Galaxy client reignites quantum threat debate
CEO Mike Novogratz noted this sale was part of a profit-taking trend among early bitcoin adopters, indicating weakening conviction in the "HODLing" philosophy.
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Crypto majors soften while Asian equities rebound modestly, with traders continuing to weigh quantum fears, ETF flows and a possible shift in bitcoin’s broader trend.
The amended facility adds $65 million in capital availability and trimmed the interest rate to 9%.
Despite steep declines in U.S. equities, bitcoin shows surprising strength, holding above key technical levels.
Key technical breakouts in equities and crypto signal could signal renewed bullish momentum.