Billionaire Novogratz Says Crypto Bloodbath Is Over 

Galaxy Digital CEO predicts crypto market will remain “choppy” for a while.

Billionaire investor Mike Novogratz said in an interview with CNBC that most of the crypto carnage is done.

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Mike informed that excessive amounts of debt that the sector previously had are leaving, but most of it is gone now.

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"It feels like we're 90% through that deleveraging," Galaxy Digital founder said.

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Mike further predicted that the market will remain “choppy sideways” for some time.

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Many crypto firms are facing liquidity issues as the entire market continues to remain in red.

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Galaxy Digital founder blamed companies for being irresponsible for taking consumer deposits overnight and lending them out.

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Galaxy Digital founder was heavily invested in LUNA and suffered big losses in LUNA crash.

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