Autor: dot-traders

• Anthony Scaramucci says the Bitcoin market could see fresh price declines, forecasting waves of volatility for the leading cryptocurrency.

• The SkyBridge Capital CEO revealed he won’t be buying the dip, even as BTC price retreats from highs of $44,400.

• He notes that Bitcoin is still an “early adoption story” and believes its price will grow long-term.

SkyBridge Capital CEO Anthony Scaramucci believes Bitcoin is headed for more volatility, even as he predicts long-term holders of the cryptocurrency will still be profitable amid further adoption and use of the cryptocurrency.

The SkyBridge chief noted this in an interview with CNBC’s “Crypto Night in America” on Thursday.

Bitcoin price dipped below the $40,000 level earlier this week before rallying over the last three days to top around $44,400. The weakness in the broader stock market has also seen the digital gold slip to support around $41,790.

While many analysts remain bullish for the cryptocurrency long term, there are suggestions Bitcoin’s “lockstep” trading with traditional stock markets could see it dip further, with investor sentiment likely weighed by the Fed’s tightening cycle.

In the interview, Scaramucci was asked what he thought is next for the Bitcoin price after its plunge from the all-time highs of $69,000 reached last November.

Acknowledging the nosedive in BTC value, he told CNBC that he expects there to be more consolidation.

„I definitely think there is a lot of leverage in the system and there’s been massive deleveraging,“ he explained. 

He opined that some of the sloppiness seen in the market was linked to the crackdown in China last year, with many holders likely flushed out by Chinese exchanges at the end of 2021 due to the ban on crypto trading.

Scaramucci also commented on his firm’s plans during the current dip in Bitcoin price, indicating that the firm would not be buying the dip.

He noted that SkyBridge had “bought on the fringe a little and added to [its] multi-coin and Polygon exposure. However, it wasn’t planning to add any more or take away from its substantial Bitcoin stake, he added.

On the issue of Bitcoin volatility, the SkyBridge chief said he sees the market experiencing “some sloppiness and waves of volatility. This should see investors jump on and off the market, which is expected as Bitcoin is an “early technology adoption story.”

Even then, Scaramucci is bullish on Bitcoin’s long-term outlook and believes long-term holders will do well.

Bitcoin was trading around $42,486, down about 4% in intraday deals and nearly 10% in the red over the past two weeks.

The post Anthony Scaramucci: Bitcoin hodlers will do well despite sloppiness and ‘waves’ of volatility appeared first on Coin Journal.

The price of Dogecoin (DOGE) has been going up after payment using the meme coin went live on Tesla’s online shop.

DOGE has gone up by over 4000% since the first time Musk tweeted about it in 2019.

In the last 24 hours, the price of DOGE has risen more than 17% hitting a high of $0.199 and trading a volume of around $3.8 billion since December 14 according to data from CoinGecko and the total market cap at $3.8 billion.

Dogecoin and Tesla

Tesla CEO Elon Musk has been supporting and promoting Dogecoin on several platforms including US television during interviews and at one time he called Dogecoin ‘’the future of currency’’ during a Saturday Night Live Skit.

Also, on Musk’s social media post, his DOGE mentions are always associated with significant price movement. He first mentioned Dogecoin on Twitter by calling the crypto ‘’pretty cool’’ on 2nd April 2019.

In March 2021, Elon Musk enabled Bitcoin payments for Tesla cars and in less than two months later terminated Bitcoin payments until Bitcoin goes green. But it was long before the EV manufacture, Tesla, resumed Bitcoin payments; it resumed BTC payments in October the same year.

Last month (December 2021) Musk said that Tesla would soon start accepting payments in Dogecoin for its merchandise. And true to his word, Dogecoin payments on Tesla online shops have gone live for selected items.

What customers can purchase

Customers can now choose to purchase from a selection of items using the DOGE coin.

BREAKING: Tesla has launched Dogecoin purchases on their online shop! You can purchase the Cyberwhistle for 300 $DOGE. The Giga Texas Belt Buckle is 835 $DOGE

Link: https://t.co/VZhhL4PbWH pic.twitter.com/iPTwRUWMOS

— Sawyer Merritt (@SawyerMerritt) January 14, 2022

Some of the selected items that customers can purchase using the meme coin include a “Giga Texas Belt Buckle” for 835 DOGE (US$166), a cyberwhistle for around 300 DOGE (US$59), and an electric cyberquad for 12,020 DOGE (US$2,391).

Musk personally owns Ether (ETH), Bitcoin (BTC), and dogecoin (DOGE) and according to Bitcoin treasuries Tesla holds around 42,900 BTC on its corporate balance sheet, second only to MicroStrategy.

The post Dogecoin price surging after Tesla launched DOGE payments in its online shop appeared first on Coin Journal.

Flockimooni price has been surging Tuesday as the FlokiMooni Ecosystem readies to launch its NFT collection soon.

Today, the price of the Flokimoon (FLOKIM) coin surged to a high of $0.000001297 before slightly pulling back to trade at $0.000001191 at the time of writing.

FlokiMooni is a relatively new entrant into the metaverse world; having been in the market for about two months now. However, it is already attracting a lot of attention as it works on its flagship utility projects that include an NFT gaming metaverse called FlokiMooni World, an NFT merchandise marketplace, a DEX, a DEX Launchpad platform that shall be called Flookimooni, and an NFT collection drop.

Flokimooni’s online follower-base has gained a lot of traction in the recent past, having garnered more than 55K followers on Twitter and Telegram.

The market cap of the FLOKIM token has also surpassed $5 million. It stood at $5,974,478 at the time of writing.

Also, there are currently more than 18,000 FLOKIM holders and the number is expanding rapidly.

Upcoming NFT collection drop

FlokiMooni is currently working on creating their NFT collection and a teaser has already been released. It has also been announced that the official launch of the NFT collection shall take place this year, though the date is yet to be confirmed.

Some previews of the NFTs have already been circulated and with the anticipated utility of the NFTs in the FlokiMooni World play-to-earn metaverse game, fans are eagerly waiting for the collection to be launched.

FlokiMooni is tirelessly working to create a robust ecosystem with the FlkiMooni website already up and running ahead of schedule; the website was launched early this January. Besides the NFT collection, FlokiMooni plans to have the play-to-earn metaverse game up and running before the end of this year.

Anticipations are also high on several CEX listings with most expected to take place this year.

The post Flockimooni price up 11% amid its upcoming NFT collection appeared first on Coin Journal.