Golden Finance reported that Michael Novogratz, founder of digital asset financial services company Galaxy Digital Holdings Ltd., said that Bitcoin may continue to remain in a relatively narrow trading range during the current quarter, while the adoption of cryptocurrencies in traditional finance continues. Novogratz said in a conference call after the company released its first-quarter earnings report on Tuesday: "We are now in a consolidation phase for cryptocurrencies. The price of Bitcoin may be between $55,000 and $75,000."