Galaxy Digital CEO Warns Bitcoin Could Drop to $45K if $59K Support Breaks

Bitcoin has come under pressure as broader crypto sentiment weakens, with the price hovering around $59,819 at the time of reporting, marking a modest 1% decline over the past 24 hours.

Commenting on the move, Galaxy Digital CEO Mike Novogratz said the downturn is being fueled by a loss of confidence linked to activity around MicroStrategy, alongside tighter U.S. monetary policy conditions and fading momentum in digital assets.

He further warned that if Bitcoin breaks below the $60,000–$59,000 support range, it could face additional downside toward the $45,000 level.

Source: SALT