GalaxyDigitalCEO: BTC may be in consolidation mode at the moment.

According to Cryptoglobe, Galaxy Digital CEO Mike Novogratz said in an interview a few days ago that Bitcoin will be in a joint venture for a while and that the market has recently absorbed the impact of FUD on consumer spending. energy from Bitcoin mining and the crackdown on Chinese cryptocurrencies. . Novogratz believes that clear regulation would be beneficial for all crypto entities, but the United States Securities and Exchange Commission (SEC) could not establish its own crypto regulation unless the United States Congress could. As to whether Bitcoin ETFs can get SEC approval, Mike Novogratz believes SEC Chairman Gary Gensler is now a more crypto-friendly issue to mention.