Odaily Planet Daily News Michael Novogratz, founder of digital asset financial services company Galaxy Digital Holdings Ltd., said that Bitcoin may continue to maintain a relatively narrow trading range of US$55,000 to US$75,000 in the current quarter, while the adoption of cryptocurrencies in traditional finance continues. Novogratz also believes that the market may remain in a similar state in the current quarter and the next quarter until two possible change points occur: the Federal Reserve begins to cut interest rates (usually meaning an economic slowdown) or the election is over (which may bring a certain degree of clarity to the regulatory environment for cryptocurrencies). (Bloomberg)