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Novogratz See a 'Sellers' Virus' In Crypto Market

Galaxy Digital's CEO Mike Novogratz tells Bloomberg that Bitcoin's recent pullback reflects what he calls a "seller's virus," driven by widespread profit-taking. Novogratz adds that pessimism across crypto markets is high, but argues sentiment could improve if market-structure legislation advances, noting that market bottoms are only clear in hindsight. He joined the conversation on "Bloomberg Crypto" with Scarlet Fu and Tim Stenovec. (Source: Bloomberg)