🚨 Crypto News Update 04 Feb 2026
Galaxy Digital (GLXY) shares took a hard hit, dropping almost 17% after the company missed Q4 earnings and revenue targets the worst single day dip it’s seen in nearly two years. CEO Mike Novogratz didn’t sugarcoat things. He said Bitcoin’s probably scraping the bottom of the market right now, joking that spotting a bottom is like spotting pornography: “You know it when you see it.” He pointed out that the recent slump in crypto prices comes from early Bitcoin holders cashing out bigger profits than anyone expected—even mentioning a massive $9 billion sale. Still, Novogratz isn’t panicking. He thinks this rough patch feels more like late stage profit-taking than the start of another brutal crypto winter.
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