Anthony Scaramucci, founder of SkyBridge Capital, said Bitcoin is expected to gradually increase in value despite current negative market sentiment, which he attributes to investor fear rather than poor fundamentals. He highlighted limited Bitcoin supply and historically low fear levels as positive signs for future price gains. Scaramucci also warned that the Senate has only about two weeks before the August recess to pass the CLARITY Act, which aims to regulate crypto with new ethics provisions. Failure to pass the bill could push crypto companies to expand overseas. He remains optimistic about companies building blockchain infrastructure, citing firms like Coinbase and Circle Internet Group as well-positioned for growth in the digital asset economy.
Dave Portnoy, founder of Barstool Sports, is selling his XRP holdings at $1.40 instead of waiting for the price to reach $2. He needs the cash urgently to participate in upcoming thoroughbred horse auctions in Saratoga and Cleveland. Portnoy's decisi...
Bitcoin ETFs have recorded seven consecutive days of net inflows since July 14, marking the longest streak since early May. This inflow totals $981.2 million and coincides with Bitcoin prices reaching up to $66,300, indicating renewed investor confid...
Large holders of XRP are increasing their positions while smaller retail investors are selling, according to a crypto analyst. Institutional purchases by firms like Franklin Templeton and Fidelity suggest confidence in a future crypto cycle despite r...
A record 1.47% of XRP's total supply, worth $1.04 billion, is now locked in U.S. spot ETFs as institutions prepare for the upcoming Senate vote on the CLARITY Act. Grayscale Research has dismissed the traditional four-year Bitcoin halving cycle, poin...
Bitcoin's price fell 1.4% from an intraday high of $66,300 to $65,368 due to rising oil prices, renewed US-Iran geopolitical tensions, and regulatory uncertainties. The price retested the key $65,000 support level, with momentum weakening below the $...
