News Snapshot:
Galaxy Digital CEO Michael Novogratz said Tuesday that the current rally among cryptocurrencies is not built on an influx of new money but, rather, comes from long-standing crypto enthusiasts moving back into the market after its sharp fall last year. "This crypto rally has been built on the backs of the crypto community," Novogratz told CNBC. "It's not been new money ... it's not been pension funds and asset managers coming in. It really was retail driven." Novogratz, who attributes much of Bitcoin's (BTC-USD) fall from its 2021 heights above $60K to the Federal Reserve's aggressive raising of interest rates,...
