Galaxy Digital Attributes Crypto Market Drop to Deleveraging

Galaxy Digital has clarified that the recent decline in the cryptocurrency market is attributed to deleveraging rather than a systemic failure. According to NS3.AI, the firm emphasizes the evolution of cryptocurrencies into essential financial infrastructure, with Bitcoin acting as a significant macro risk indicator. Institutional inflows and increased on-chain activity are anticipated to bolster future price growth following a phase of sideways consolidation.