A well-known bitcoin-investor announced that the "bottom" was passed

Investors and bitcoin-evangelist Mike Novogratz, one of the most famous investors in the crypto-currency industry, said that the market had finally passed the "bottom" and that he no longer had a way down.

The founder and head of the crypto-bank Galaxy Digital wrote on Twitter, accompanied by his message schedule Bloomberg Galaxy Crypto Index (BGCI).
The chart, he said, shows that the market reached the point where it was in mid-November last year just before the start of the impressive bull rally and the growth of the bitcoine price to $ 20,000.

Bloomberg Galaxy Crypto Index displays indicators of the most liquid currency in relation to the US dollar.
Last Wednesday, the cumulative capitalization of the Crypto currency fell to its lowest point this year, after which Bloomberg columnist Michael Patterson said that the drop in cryptology in 2018 was worse than the collapse of the dotcom bubble in 2000. This comparison was made on the basis of the Nasdaq composite index, according to which the dotcom market fell in 2000 from the peak to the lowest level of 78%. At the same time, the drop in crypto currency since the beginning of 2018 was 80%. Nevertheless, the next day the market showed a noticeable recovery - the cumulative capitalization rose above $ 200 billion, while the second largest growth in the level of the Ethereum crypto currency, which grew by more than 18%, returned to the mark above $ 200.

Bitcoin increased by 2.1% over the past 24 hours and at the time of publication (05:00 UTC) is trading around $ 6,550.

Recall, an analyst at CoinDesk Sebastian Sinclair on the eve of the opinion expressed that to start the phase of steady growth in the price of bitcoin, you need to reach $ 8,500.