Anthony Scaramucci and Mike Novogratz predict Bitcoin may reclaim $70,000 by July 2026, fueled by current negative market sentiment and potential progress on the U.S. CLARITY Act, which aims to clarify crypto regulations. Novogratz links Bitcoin's outlook to the U.S. $40 trillion debt and the need for steady inflation to reduce debt value, supporting Bitcoin as a scarce asset hedge. However, political uncertainty and market pressures from the recent SpaceX IPO and Strategy's Bitcoin trades add caution. The CLARITY Act's passage remains uncertain, with ongoing debates over ethics and privacy issues, while crypto liquidity faces challenges amid large tech stock offerings.
Bitcoin surged 26% to $81,455 but corrected to around $78,019 after Fed Chair Kevin Warsh signaled persistent inflation and potential rate hikes. This triggered market repricing, causing Bitcoin and altcoins to drop and US spot Bitcoin ETFs to see $2...
After nine days of inflows totaling $3.04 billion, U.S. Spot Bitcoin ETFs recorded $201.81 million in outflows on August 28 as Bitcoin's price fell from $80K to around $78,275. Meanwhile, altcoin ETFs like Ethereum, XRP, and Solana continued to attra...
The crypto market sentiment has shifted from prolonged fear to greed, with Bitcoin rallying above $80,000 and the Crypto Fear and Greed Index reaching 68. This shift was influenced by factors such as a White House meeting supporting crypto legislatio...
Metaplanet, a major Bitcoin miner and treasury firm, transferred $237 million worth of Bitcoin to Coinbase Prime, signaling a potential sell-off amid a broader crypto market slowdown. This move has raised speculation that Metaplanet may be securing p...
Bitcoin has regained several important technical levels that typically mark the end of bear markets, including the $67,000 local structure and the 1D 200 SMA and EMA. Analyst Skyodelic notes Bitcoin has completed 80% of the data needed to confirm the...
