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<pre class="wp-block-verse has-text-align-center"><strong>Mike Novogratz</strong> believes that the $ 42K mark, which the <strong>cryptocurrency </strong>reached on December 4, is the lower level of the current correction</pre>



<p><strong>Galaxy Digital</strong> CEO <strong>Mike Novogratz</strong> in an <a href="https://twitter.com/SquawkCNBC/status/1468557486798032899" target="_blank" rel="noreferrer noopener">interview with CNBC</a> expressed confidence that the <strong>price of bitcoin</strong> as part of the current correction will not fall below $ 40 thousand. According to <strong>Novogratz</strong>, the $ 42 thousand mark is the lower level of the corrective decline.</p>


<blockquote class="twitter-tweet">
<p lang="en" dir="ltr">";I think $42,000 should hold, that should be the bottom of this move. It would surprise me if it went below $40,000,"; says <a href="https://twitter.com/novogratz?ref_src=twsrc%5Etfw">@Novogratz</a> on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&;ref_src=twsrc%5Etfw">#Bitcoin</a>&#39;s latest dip <a href="https://twitter.com/search?q=%24BTC&;src=ctag&;ref_src=twsrc%5Etfw">$BTC</a>. ";There&#39;s so many more people participating on it. It&#39;s hard for me to see if going below."; <a href="https://t.co/4VuYIw01dF">pic.twitter.com/4VuYIw01dF</a></p>
<p>&mdash; Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1468557486798032899?ref_src=twsrc%5Etfw">December 8, 2021</a></p></blockquote>
<p> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>



<p class="has-text-align-center"><em>“We need to keep the $ 42K mark, as it is the lower level of the correction. I would be very surprised if <strong>bitcoin </strong>fell below $ 40 thousand, ”said <strong>Novogratz</strong>.</em></p>


<p><iframe width=560 height=349 src=https://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&#038;byGuid=7000223140 frameborder=0 scrolling=no allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen ></iframe></p>



<p>On December 4, for the first time since the end of September, the <strong>price of bitcoin </strong>dropped to $ 42 thousand. Then the value of the asset fell by more than 20% per day. </p>



<p>This led to massive liquidations of traders&#8217; positions in the amount of more than $ 2.5 billion. On December 8, <strong>Bitcoin </strong>is trading at $ 50.9 thousand, and its capitalization is $ 962 billion, <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noreferrer noopener">according to CoinGecko</a>.</p>



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