Anthony Scaramucci, founder of SkyBridge Capital, stated that Bitcoin has outgrown the need for marketing narratives and that its value is fundamentally driven by its mathematical model and protocol. He emphasized Bitcoin as a major modern invention and dismissed attempts to link price changes to short-term news. This statement comes as Bitcoin shows signs of recovery after a two-month decline, with technical factors like liquidations causing recent price drops rather than deteriorating fundamentals. Scaramucci highlighted that Bitcoin's fixed supply and institutional infrastructure support its long-term stability and maturity in the market.
Bitcoin's price has remained relatively strong around the $62K support level despite recent US-Iran tensions. The price bounced back to $63K resistance after finding support at key technical levels, but further gains are limited unless geopolitical e...
US-listed spot Bitcoin ETFs experienced a net outflow of $84.86 million on July 8, breaking a three-day streak of inflows. The outflows were mainly from Grayscale Bitcoin Trust (GBTC) and BlackRock’s iShares Bitcoin Trust (IBIT), signaling a short-te...
Bitcoin faces pressure to fall below $60,000 as futures traders increase bets on a Federal Reserve rate hike in September, with odds now above 50%. This shift follows divided Fed officials on inflation and rate policy, revealed in recent FOMC minutes...
Bitcoin trades near $62,948 with a slight 0.19% gain, while Ethereum dips 0.16% to $1,752 amid steady equity indices, dollar, and Treasury yields. The crypto market stays in a narrow range as investors await clearer signals from upcoming Federal Rese...
Bitcoin developers have released Bitcoin Core version 31.1, addressing a critical privacy vulnerability that exposed node operators' IP addresses through the -privatebroadcast feature. The update also fixes a database engine flaw causing excessive di...
