Anthony Scaramucci: Bitcoin’s Moves Are ‘Normal,’ But Some Altcoins May Have Had Their ‘Last Hurrah’
Posted On December 20, 2024
SkyBridge Capital founder Anthony Scaramucci has described Bitcoin’s (CRYPTO: BTC) current price action as part of its typical cycle.
What Happened: In an X post on Friday, he explained that Bitcoin is purging leveraged, short-term momentum trades, a normal phenomenon in its market evolution.
However, Scaramucci also suggested that some altcoins may have experienced their “last hurrah” and could be done for good.
Meanwhile, crypto entrepreneur JC X believes human behaviour remains consistent: when Bitcoin surges, investors …
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