Market Pulse: Bitcoin at 34-Month High as Anthony Scaramucci Targets Cryptocurrencies

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    Bitcoin broke above $16,000 today for the first time since January 2018. Here are a few incremental positives.

    Cointelegraph reported that SkyBridge filed a prospectus with the SEC on Friday. It said capital could be allocated to “companies providing technologies related to digital assets.” SkyBridge is the “fund of funds” run by Anthony Scaramucci. It would follow other traditional firms like PayPal (PYPL), Square (SQ) and JPMorgan Chase (JPM) entering the cryptocurrency space.

    Coindesk separately reported that a foreign-exchange analyst at Citi named Thomas Fitzpatrick estimated BTCUSD could pass $300,000 by the end of 2021. He based his analysis on a comparison to the gold market in the 1970s.

    See also: TradeStation Crypto Is Now Available on TradingView

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