Scaramucci Assures Bitcoin Investors Amidst Price Drop

Anthony Scaramucci, founder of SkyBridge Capital, has urged Bitcoin investors to stay focused on the long-term prospects of the cryptocurrency despite a recent price drop to around $72,000.

The sell-off triggered widespread liquidations across the crypto market, with nearly 120,000 traders being liquidated within 24 hours. Long traders took the largest hit during this period, accounting for $132.80 million of the total losses.