Mike Novogratz pointed out the weakening of seller activity

Despite a strong sell-off in the stock market last Thursday, bitcoin managed to stay above $19,000. On Friday, September 30, the largest digital currency is trading at $19,551.
Galaxy Digital CEO Mike Novogratz believes BTC held steady in September because most investors who react negatively to increased volatility left the crypto market. They sold all their reserves and left the cryptosphere, and as a result, the situation stabilized.
Over the past few weeks, bitcoin has been trading in a narrow range of $18,000 to $20,000. According to Novogratz, the cryptosphere is not experiencing the kind of turbulence seen in stock markets.

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