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.
Bitwise reported about $100 million in net inflows on August 27 across its U.S. crypto exchange-traded products, with Solana funds leading at roughly $40 million, followed by Bitcoin at $22 million and Hyperliquid at $20 million. The Solana Staking E...
Bitcoin traded near $79,771 after reaching an intraday high of $81,280 but failed to break decisively above the $82,000 resistance level. Veteran trader Peter Brandt disclosed a long Bitcoin position following a bullish inverse head-and-shoulders bre...
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
Bitcoin surged above $80,000 following Nvidia's Q2 revenue of $96.2 billion, beating forecasts by $4 billion and boosting tech stocks. US spot Bitcoin ETFs saw $242 million in net inflows on August 27, marking nine straight days of gains and the stro...
