Anthony Scaramucci, founder of SkyBridge Capital, remains confident in Bitcoin despite its recent sharp correction. He highlights five reasons for his bullish stance: Bitcoin's role as a hedge against currency debasement, its fixed supply enforced by code, the recent correction driven by forced selling rather than fundamentals, lasting institutional infrastructure built since 2024, and Bitcoin's potential to capture market share from gold. Scaramucci also sees current market pessimism as a buying opportunity and previously predicted Bitcoin could reach $170,000 to $200,000 by 2026, though these targets now seem less likely. However, he and Galaxy Digital CEO Mike Novogratz expect Bitcoin to reclaim $70,000 by July, potentially reigniting bullish momentum.
Bitcoin fell below $67,000, down over 20% from its late-September peak, driven by a tech sector selloff and investors reallocating funds ahead of Anthropic's upcoming IPO. Crypto traders faced $1.23 billion in forced liquidations, mostly from bets on...
A crypto address reduced its short positions in Bitcoin and Ether by about $8 million combined, including a 59.65 BTC cut valued at $4 million. The Bitcoin short position dropped from 1,379.42 BTC to 1,319.77 BTC, while the Ether short was trimmed by...
Bitway (BTW) dropped sharply by 16.31% to $0.767, leading losses among 76 of 90 major cryptocurrencies that declined, excluding stablecoins. Pearl (PEARL) was the top gainer, rising 15.50% to $1.55, followed by Injective (INJ) and Midnight (NIGHT) wi...
A Hyperliquid address held short positions worth about $143.1 million across Bitcoin and Ether as of a November 14 snapshot. The short exposure included 1,379.421 BTC valued at $92.72 million and 26,463.76 ETH valued at $50.36 million. At that time, ...
Bitcoin's price fell by 2.20% within four hours to $66,869 on Binance's BTC/USDT market, marking a 2.55% decline over 24 hours as of Nov. 14. During the same period, liquidations on Binance, Bybit, and OKX totaled $680,000, with long position liquida...
