SkyBridge Capital CEO and vocal cryptocurrency advocate Anthony Scaramucci advised steady accumulation rather than speculative trading for Bitcoin (CRYPTO: BTC) on Tuesday amid the apex cryptocurrency’s ongoing decline.

Scaramucci Wants Investors To Buy BTC’s Dip

Scaramucci endorsed Strategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor’s HODL mantra, saying, “Accumulate, don’t speculate.”

Scaramucci, who has 70% of his wealth tied in Bitcoin-related investments, said over the weekend that he was buying the latest dip.

Scaramucci Got It Wrong Last Year

Notably, Scaramucci stayed bullish on Bitcoin through much of last year, holding a $150,000 year-end price target until September.

Benzinga

Leading cryptocurrencies plunged deeper on Wednesday

Cryptocurrency24-Hour Gains +/-Price (Recorded at 8:30 p.m. ET)Bitcoin (CRYPTO: BTC)-3.16%$76,338.32Ethereum (CRYPTO: ETH)               -3.47%$2,267.32XRP (CRYPTO: XRP)                         -1.28%$1.59Solana (CRYPTO: SOL)                         -4.43%$99.23Dogecoin (CRYPTO: DOGE)             +0.05%$0.1076Post-Trump Rally Reversed

Bitcoin tumbled below $73,000 to touch its lowest level since November 2024, wiping nearly all of the gains since President Donald Trump assumed office.

Ethereum sank to a nine-month low of $2,100, while Dogecoin traded flat, helped by…

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VistaShares has rolled out a new ETF that combines U.S. Treasuries, Bitcoin exposure, and an active options strategy, in line with the rising interest in hybrid ETFs that aim to optimize income without forgoing a defensive approach.

The VistaShares BitBonds 5 Yr Enhanced Weekly Option Income ETF (NYSE:BTYB) began trading on Tuesday, offering a portfolio that combines intermediate-term Treasury investments with a synthetic covered call strategy based on Bitcoin price changes. The fund is actively managed and one-of-a-kind.

Treasury Core With Bitcoin Exposure

The ETF is organized so that about 80% of the portfolio is invested in U.S. Treasury securities, Treasury futures, and ETFs focused on…

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Standard Chartered on Tuesday downgraded its near-term outlook for Solana (CRYPTO: SOL) but raised long-term price targets, arguing the network is evolving beyond meme coin speculation toward stablecoin-driven micropayments.

Near Term Cut, Long Term Raised

Standard Chartered lowered its 2026 Solana target to $250 from $310 as the token struggles in the short term, recently trading near $97 following a sharp drawdown, Decrypt reported on Tuesday.

At the same time, the bank raised its long-term outlook, setting targets of $400 by the end of 2027, $700 by 2028, $1,200 by 2029 and $2,000 by 2030.

The bullish thesis centers on Solana’s speed and ultra-low fees, which the bank believes position it…

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Elon Musk said SpaceX will “maybe” put Dogecoin (CRYPTO: DOGE) on the literal moon next year, sparking an intraday rally on Tuesday, which was reversed to see DOGE and Shiba Inu (CRYPTO: SHIB) dump around 5% on the day.

The Musk Tease That Didn’t Work

The Tesla Owners Silicon Valley X account dug up Musk’s 2021 post that “SpaceX is going to put a literal Dogecoin on the literal moon” and asked “When?” 

Musk responded “Maybe next year,” then confirmed “Yes” when another user said “Doge on the moon is inevitable.”

However, the gains evaporated as broader crypto weakness dragged meme coins lower.

The moon mission likely references the DOGE-1 satellite mission planned…

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Bitcoin (CRYPTO: BTC) has found fresh lows around $73,000, despite gold and silver rebounding 5% each on Tuesday.

The Precious Metals Recovery

Gold posted its largest single-day gain since November 2008, rebounding from a two-day collapse that saw prices plunge from record highs above $5,600 to as low as $4,405 on Monday.

Silver’s move was even more dramatic, jumping as high as 15% intraday after suffering a historic 27% crash on Friday followed by another 6% drop Monday.

The initial selloff started when President Trump nominated Kevin Warsh as the next Fed Chair—a pick seen as more hawkish than expected. 

While investors still expect rate cuts, they anticipate tighter balance-sheet…

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Galaxy Digital (NASDAQ:GLXY) reported a sharply wider fourth-quarter loss, but CEO Mike Novogratz says market conditions may be nearing an inflection point.

Galaxy’s Q4 Loss Ahead Of Expectations

Galaxy Digital posted a Q4 loss of $482 million, well above analyst expectations of about $282 million, as falling digital asset prices weighed on results.

The earnings miss sent Galaxy shares down over 15% over the past 24 hours.

Trading activity weakened during the quarter, with digital asset trading volumes dropping about 40% quarter over quarter after a strong third quarter.

Galaxy ended the year with $12 billion in assets under management, including $2 billion in net inflows, representing 34%…

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Wall Street extended losses into midday trading Tuesday as geopolitical tensions in the Middle East resurfaced, while gold staged a violent rebound after two days of historic selling.

• SPDR Gold Shares stock is charging ahead with explosive momentum. Why is GLD stock up today?

Gold — as tracked by the SPDR Gold Shares (NYSE:GLD) — surged more than 6%, vaulting past $4,950 per ounce and putting the metal on track for its strongest session since November 2008.

The rebound comes after a brutal sell-off sparked by fears that Kevin Warsh’s appointment as the next Federal Reserve chair could usher in a more restrictive monetary policy regime — pressure that had weighed heavily on…

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