Novogratz Warns of Potential $15K Bitcoin Plunge if Support Zone Fails

Galaxy Digital CEO Mike Novogratz has sounded a warning about Bitcoin's price trajectory. He believes that if the support zone between $59,000 and $60,000 fails, the cryptocurrency could plummet to $45,000.

In an appearance on Anthony Scaramucci's 'All Things Markets' show, Novogratz attributed the current downturn in digital assets to a mix of company-specific vulnerabilities and macroeconomic pressures. He noted that negative sentiment around Strategy has been pivotal in shaping market perceptions, directly undermining trust in Bitcoin.

Novogratz emphasized that investors are increasingly skeptical toward market structure, and as capital flows out of crypto and into other sectors, this shift is drawing liquidity away from digital assets. The strong dollar theme does not create a supportive environment for risk assets, making it harder for Bitcoin to move upward.