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#Which 100x gems are you eyeing on? SkyBridge Capital founder Anthony Scaramucci attributed Bitcoin's (BTC) decline to Grayscale and FTX.
Bitcoin (BTC), the leading cryptocurrency, tested $49K with the approval of spot Bitcoin ETFs. Many crypto actors have said that the bull run has begun and that BTC will surpass $50K. Spot Bitcoin ETFs generated $4.6 billion in volume on their first day of trading on Jan. 11, boosting bullish expectations.
While the crypto market was positive, BTC's decline from a peak of $49,000 to $41,500 came as a surprise. BTC is down 14 percent since Jan. 11. SkyBridge Capital founder Anthony Scaramucci explained the reasons behind the BTC decline