Anthony Scaramucci, founder of SkyBridge Capital, believes Bitcoin has plenty of room to grow. ETF Approval Boosts Demand Scaramucci credits the approval of Bitcoin spot ETFs for attracting new investors and driving demand. These ETFs have cleared regulatory hurdles, allowing institutional money to flow into the cryptocurrency. Wall Street’s Buying Spree Scaramucci highlights Wall Street’s…
Anthony Scaramucci, a big name in crypto, is super excited about Bitcoin’s future. He thinks it’s going to skyrocket to $170,000 by the end of this cycle. Halving Event Fueling Optimism Scaramucci’s bullishness is based on past trends after halving events, where the number of new Bitcoins entering the market gets cut in half. Historically,…
Massive Selloff FTX, the defunct crypto exchange, recently sold a whopping two-thirds of its Solana (SOL) holdings for a hefty discount. The sale raised $1.9 billion for the company, which is facing a mountain of debt. Key investors like Galaxy Trading and Pantera Capital snapped up the SOL tokens at $64 each, a whopping 63%…
Crypto analyst Ali Martinez believes Polygon (MATIC) is set for a significant rally despite the recent market correction. Buy Signal on the Horizon According to Martinez, MATIC’s daily chart shows a “textbook buy signal” using the TD Sequential technical analysis. This indicator presents a red nine candlestick, indicating the start of a potential price reversal….
Stellar Returns Pantera Capital, a leading crypto investment firm, saw its Liquid Token Fund surge by 66% in the first quarter of 2024. This impressive gain was primarily driven by investments in digital assets, particularly Solana (SOL). Solana’s Contribution Solana’s value has skyrocketed in recent months, with the cryptocurrency briefly crossing $200 this week. Pantera’s…
Loan Exposures Raise Concerns Standard & Poor’s (S&P) has downgraded five regional banks due to their exposure to the struggling commercial real estate (CRE) market. The downgraded banks include First Commonwealth Financial Corp., M&T Bank Corp., Synovus Financial Corp., Trustmark Corp., and Valley National Bancorp. S&P warns that the banks’ significant loan exposure to CRE…
Wormhole (W) Crypto analyst Altcoin Sherpa believes that Wormhole (W), a newly launched altcoin, has the potential to surge by multiples within weeks. He cites the recent airdrop and exchange listings as catalysts for growth. Solana (SOL) Altcoin Sherpa suggests that Solana (SOL) is in a correction and could drop by 20%. He advises buying…
An elderly Florida woman is suing Bank of America (BofA) after losing $2 million to scammers. Lynne Bucklin alleges that BofA failed to protect her from the scam, which drained her accounts. The Scam Bucklin received emails and phone calls from people claiming to be FTC investigators. They told her that her social security number…
Whales Buy the Dip Shiba Inu (SHIB) has taken a hit this week, dropping over 15% to a low of $0.00002584. However, this dip has attracted the attention of “whales,” large investors who are buying SHIB at a discount. New Whales Accumulate Billions According to on-chain data, three new whale accounts have purchased a combined…
Crowd’s Pessimism a Positive Sign Despite Bitcoin’s recent rally, market intelligence firm Santiment observes a shift in sentiment, with fewer people optimistic about the cryptocurrency’s long-term prospects. Historically, this has been a bullish indicator. “When the crowd is less optimistic, the probability of a continued market rise increases,” notes Santiment. Bearish Expectations Favor Bulls The…
