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Galaxy Digital's Michael Novogratz: Bitcoin may plunge but it's difficult to call a bottom

“We had China really be much more forceful in their idea to ban cryptocurrency. That’s created a retail deleveraging," Crypto investor Mike Novogratz told CNBC's "Squawk Box" Tuesday. "A lot of crypto happens in Asia, a lot of it is Chinese focused so we’re seeing big liquidations, so it’s hard to call a bottom."
04:12
Tue, Jun 22 20219:07 AM EDT