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Bitcoin (BTC) has soared in price above $56,000 on some trading platforms today. However, on Friday evening, traders calmed down, and the correction returned to the market. The leading digital currency sank to $54,389.
The largest altcoin ether (ETH) has also fallen in price. Now this coin is trading at $3,600.
According to Galaxy Digital CEO Mike Novogratz, the fourth quarter will be successful for both bitcoin and ether. The first cryptocurrency will soar in price to $80,000. Moreover, the billionaire does not exclude such a scenario in which BTC will be able to come close to $ 100,000.
Novogratz made his forecast on CNBC. He also noted that the last quarter of 2021 will be productive for the ether. This cryptocurrency will be able to reach $5000.
Investments in digital assets are growing. Unlike China, the United States refused to follow the path of repression against participants in the crypto market. It was this factor that contributed to the return of positive sentiment among investors.
The businessman once again pointed out the growing interest of institutions in the cryptosphere. We are seeing an influx of money into the blockchain industry, and this trend will continue, Novogratz predicts.
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