Bitcoin has slowed down around the round $30,000 level. Mike Novogratz allows further decline in BTC. Cardano creator Charles Hoskinson announced the start of a new crypto winter. Meanwhile, the “star of the markets” of 2020, Kathy Wood, expects a turnaround in cryptocurrencies. Bitcoin added a symbolic 0.1% on Tuesday, ending the day near $31,000. Ethereum rose by 1.5%. The total capitalization of the crypto market, according to CoinGecko, increased by 0.7% per day, to $1.50 trillion. The Cryptocurrency Index of Fear and Greed has added 2 points to Wednesday, to 12 and remains in a state of “extreme fear”. From level 10, the index used to turn up earlier. After five days of decline, Bitcoin corrected upwards on Tuesday amid a rebound in stock indices. The bulls took advantage of the short-term drop below $30,000 earlier in the day to buy. However, sales were observed at the American session, and almost all the gains of the first half of the day were lost. Cardano creator Charles Hoskinson announced the start of a new crypto winter. At the same time, he does not see any factors in the near future that could provoke a rebound in the market upwards. Cryptocurrency investment company Galaxy Digital reported a net loss of $111.7 million in the first quarter of this year. Galaxy Digital founder Mike Novogratz allowed bitcoin to decline further in the coming quarters due to the negative on Wall Street. Meanwhile, last week saw an influx of institutional investors into crypto funds after 4 weeks of capital withdrawals. The head of the investment company ARK Invest, Cathy Wood, said that the bearish trend of bitcoin will soon end and the cryptocurrency will get rid of the Nasdaq. According to billionaire Mark Cuban, the adoption of commercial smart contracts by companies will be a new catalyst for the development of the blockchain and cryptocurrency industry. MicroStrategy CEO Michael Saylor said the company has no plans to sell its cryptocurrency holdings. In order for the firm not to have enough assets to secure loans, he said, bitcoin must fall below $3,562. El Salvador acquired another 500 bitcoins at an average rate of $30,744 amid the fall of the crypto market. The recognition of BTC in the country as a legal tender last fall was a landmark event for the global economy. Source: FXPro

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