Anthony Scaramucci, founder of SkyBridge Capital, expects Bitcoin to recover and surpass $100,000 after a period of low volatility and stagnant prices. He attributes the current slowdown to miners shifting resources to AI, capital moving from crypto to AI stocks, and investor sentiment nearing the end of the bear market. Scaramucci remains bullish, citing the upcoming Bitcoin halving event that will reduce supply and likely push prices higher. He also downplays the short-term impact of the CLARITY Act, viewing it as a long-term regulatory positive but not a major immediate price driver. Bitcoin is currently trading around $64,300, down 26% year-to-date but with a relatively modest drawdown compared to past bear markets, indicating accumulation by buyers ahead of a potential bull run.
Bitcoin's price has dipped to just under $83,000, testing the bottom of its current trading range. Technical indicators suggest the price is oversold and a bounce is likely, but a breakdown below support could lead to a deeper correction. The key sup...
A wallet linked to Wintermute has built $126.25 million in short positions on Hyperliquid, with Ethereum short exposure at $46.92 million, followed by Solana and HYPE positions exceeding $10 million each. These shorts come as major cryptocurrencies l...
The Conference Board will release the September Consumer Confidence Index (CCI) on September 29, with a forecast of a slight rise to 90.0 from August's 89.4. The CCI reflects consumer optimism about the economy and influences spending and economic ac...
Bitcoin's price fell about 1.5% to near $83,000 following an unexpected Oval Office announcement by President Trump, whose topic remains unknown but is speculated to involve Iran. This announcement kicks off a critical week for Bitcoin, which also in...
In March 2025, President Trump signed an executive order establishing Bitcoin as a strategic reserve asset for the US government, consolidating about 328,000 BTC mainly from seizures and forfeitures. However, the order did not allocate taxpayer funds...
