Crypto World
Bitcoin drop may signal demand, Scaramucci says
SkyBridge Capital founder Anthony Scaramucci said on Aug. 18 that Bitcoin’s latest bear market may contain one encouraging signal: its decline has remained smaller than losses recorded during previous cycles.
Summary
- Scaramucci called Bitcoin’s current decline a bear market despite its shallower drawdown than earlier cycles.
- Bitcoin traded near $64,000 after falling roughly 49% from its October 2025 record peak level.
- Scaramucci compared the latest downturn with historical bear-market losses of approximately 75% to 80% previously.
- He attributed weak prices partly to capital rotating from cryptocurrencies toward artificial intelligence investments recently.
- Scaramucci forecast Bitcoin above $100,000 after another halving, but offered no guaranteed recovery timeline publicly.
Speaking with CNBC’s Andrew Ross Sorkin at the Wyoming Blockchain Symposium, Scaramucci called the downturn a “clear Bitcoin bear market.” However, he argued in the interview that the depth of the selloff could indicate a more resilient buyer base.
Scaramucci referred to a roughly 55% peak-to-trough decline. Bitcoin has since recovered to around $64,000, narrowing its current drawdown from the October 2025 record to approximately 49%.
Bitcoin’s current drawdown is smaller than earlier crashes
Bitcoin reached a record near $126,000 in October 2025. It later fell below $60,000 during the June 2026 liquidation wave, representing a decline of approximately 53% to 55%, depending on the exchange and intraday price used.
Scaramucci compared that move with losses of roughly 75% to 80% during previous Bitcoin bear markets. He argued that the smaller decline could mean “there’s a lot of net buyers” preparing for the next market phase.
That interpretation remains his opinion rather than a confirmed market signal. A smaller drawdown does not establish that Bitcoin has reached its final bottom or that buyers will prevent another decline.
Bitcoin’s current price near $64,000 leaves it approximately 49% below its record, according to current drawdown data. The difference between that reading and Scaramucci’s 55% figure reflects Bitcoin’s recovery from its sub-$60,000 lows.
As crypto.news reported, Bitcoin recently reclaimed the $64,000 level after buyers defended support around $62,750. Compressed volatility and leverage still leave the market exposed to abrupt movements.
Scaramucci says AI absorbed cryptocurrency capital
Scaramucci attributed Bitcoin’s subdued performance partly to capital moving toward artificial intelligence investments. AI-linked equities and investment products attracted strong demand while cryptocurrency markets faced liquidations and weaker institutional flows.
He also pointed to Bitcoin miners redirecting infrastructure toward AI computing. Several publicly traded miners have pursued data-center and high-performance computing contracts as Bitcoin mining economics weakened.
BlackRock reached a similar conclusion about competition for investment flows. The asset manager reported that AI-focused funds received more than $46 billion following Bitcoin’s October peak, while spot Bitcoin exchange-traded products recorded approximately $5 billion in net outflows.
As previously reported, BlackRock said the 50% pullback reflected deleveraging and weaker flows rather than a change in its longer-term investment case. BlackRock’s assessment and Scaramucci’s comments remain institutional views, not guarantees of recovery.
The four-year cycle remains central to his forecast
Scaramucci also linked the bear market to Bitcoin’s four-year issuance cycle. Bitcoin completed its latest halving in April 2024, reducing the block subsidy from 6.25 BTC to 3.125 BTC.
The next halving is expected in 2028, although the precise date depends on block production. Scaramucci estimated that the event was approximately 18 or 19 months away when he spoke.
He said another reduction in newly issued Bitcoin could tighten supply and support prices. Based on that view, he expects Bitcoin to “move back up over 100,000,” though he warned that the market could continue grinding sideways beforehand.
The forecast has no stated deadline. Halvings reduce new issuance, but prices also depend on investor demand, leverage, interest rates, exchange-traded product flows and broader economic conditions.
Historical signals do not promise a quick recovery
VanEck’s latest cycle research provides a more cautious near-term view. Eight of its 12 Bitcoin capitulation signals were active on Aug. 12, while every tracked signal had entered capitulation territory during the preceding three months.
As crypto.news reported in its coverage of the potential accumulation phase, VanEck estimated that a cycle transition could occur between September and November.
However, its historical tests found that similar capitulation clusters did not outperform Bitcoin’s normal baseline over the following three or six months. Outperformance appeared only over a one-year period, based on a small and heavily overlapping sample.
Bitcoin’s next test remains whether buyers can establish support above the $64,000 to $65,000 region. U.S. spot exchange-traded product flows, leverage and upcoming economic data may shape the shorter-term direction.
Scaramucci’s argument therefore rests on relative resilience rather than evidence that the bear market has ended. The current decline has been shallower than earlier collapses, but Bitcoin remains almost 50% below its record.
Widening losses and intensifying competition coincide with a pause in frontier reinforcement-learning training as openai strengthens its safety controls.
US spot Bitcoin ETFs took in $189 million on Tuesday, lifting August net inflows to $951 million, while Ether ETFs added $71.5 million.
Crypto World
‘I Have the Skills, I Have the Training.’ How Refugee Doctors Are Helping the U.S. Fight COVID-19 Even Without a Medical License
The refugees’ language skills and diverse cultural background are also an asset for a testing program directed at underserved communities and communities of color. At one newly opened testing site in Atlanta, CORE was able to provide not just medical expertise, but interpretation in 13 different languages, including Amharic, Arabic, Burmese, Kiswahili, Somali and Tigrinya. “To work with these new Americans who have been resettled with the IRC is gratifying,” says CORE Co-Founder and CEO Ann Lee. “CORE appreciates these dedicated volunteers, who enable us to scale and provide free COVID-19 testing to vulnerable communities throughout the United States.”
Both the IRC and WES hope that the database and the partnership with CORE will lead to greater opportunities for immigrant health professionals down the line, as well as a more streamlined process for getting them into the U.S. medical system. “To the extent that we can turn the situation into something that can meaningfully impact those 165,000 people’s lives while improving access to health care, that would be a positive outcome,” says the WES’ Esposito. “We know that there are urgent needs for licensed health care staff and there are also needs to fill other public health roles,” she says, noting a growing need for contact tracers within the U.S. “These are roles where immigrants and refugees can really contribute. There are roles where you don’t need to change policy to make sure that people are going where they are needed.”
Although Al-Sarray is confident that eventually he will make it as a doctor in the U.S., he is thrilled to be playing a role in the pandemic response now, no matter how small. Before starting his training program as a safety officer for CORE, Al-Sarray boosted his infectious disease knowledge and personal protection equipment skills by watching instructional videos from the Centers for Disease Control and Prevention and the World Health Organization. Within a few hours of starting work at Dodger Stadium in late May, he was already adjusting the test-handling protocols to help minimize the risk of contagion. By the end of his first day, he was giddy with a sense of accomplishment.
“Now that I am in the front lines, I am even more excited because I am seeing first-hand the amount of people that we are helping,” he says. “Being a part of such a large testing site really makes you feel like you’re contributing to the response. I feel like I am making a difference.”
—With reporting from Carlo Barrera/Los Angeles
Hayes revealed his new role as Flop Labs CEO and teased a “massive airdrop” from the AI inference protocol in the fourth quarter of 2026.
Protecting patients from getting exposed to the virus also guides some of her decisions around how to provide chemotherapy. “If I have a choice between a [chemotherapy] drug that is given every week and a similar one that is given every three weeks, I now routinely use the one that’s given every three weeks,” she says. “Even if there are a few more side effects, if it reduces the number of times a patient has to come in, then this is a conversation I’m having with them.”
Similar adjustments are possible for radiation treatment in some cases. Normally, radiation therapy is broken up into smaller, daily fractions in order to preserve the healthy tissue around cancers from the toxic effects of single blast. For breast cancer patients, recent, albeit early studies that followed patients for five years, suggested that significantly shorter courses of treatment—given over five days compared to 30, for example—could be equally as effective in controlling the cancer. “Typically we wouldn’t embrace [such early results] in daily practice as quickly as we did except for the pandemic,” says Dr. Reshma Jagsi, deputy chair of radiation oncology at the University of Michigan. “But some patients were willing to take the risk of not having long term evidence on the safety and trust the five year data which was certainly compelling and intriguing.”
For the most part, cancer patients have understood the importance of continuing their treatment and of balancing their risk of cancer against their risk of getting COVID-19. In fact, says Busby, “it’s not so much our patients we worry about but the patients who are not ours yet.” Most hospitals canceled routine cancer screening appointments for things like mammograms and colonoscopies, which are essential for detecting cancer early. And many people who might have potential cancer symptoms and aren’t diagnosed yet, aren’t going to the doctor because of COVID-19 fears. If that’s the case—and only data on cancer rates in the coming months and years will provide the answer—it’s possible that both the number of new cancer cases and their severity will increase as a result of the pandemic.
“My concern is for the patients who have not yet been diagnosed with cancer; for those patients who delayed their screening; for patients who put off being examined for certain symptoms,” says Jagsi. “Those patients will be diagnosed at later stages and I do have great concern there that will change cancer-related treatment outcomes.” In recent years, advances in screening have helped doctors more regularly diagnose patients at earlier stages where their disease is still treatable and curable, Jagsi notes. “I fear that some COVID-19-related delays may compromise some of the advances we have seen.”
How deeply COVID-19 will cut into those gains won’t be clear until more data on new cancer cases becomes available in coming months. But most experts agree that “it’s hard to imagine that the pandemic would contribute to a better situation; it’s going to have to be worse,” says Carey.
In the meantime, patients are learning to accept the adjustments they need to make to ensure their treatments continue with as little disruption and in the safest way possible. Satterfield has had two COVID-19 tests because the chemotherapy she receives gives her a runny nose, cough and diarrhea—all symptoms of COVID-19 that are flagged when she is screened before entering the cancer center for her treatments. But she’s okay with that, and understands why it’s needed. For her, “the most challenging part is emotional. With any terminal illness, it’s there—I think, is this the way the world is going to be when I die? Is this how I see the end of my life? But I’m feeling better than I have in recent memory. As much as my health status doesn’t sound great, I feel great. And I’m thankful for that.”
XRP price is sitting right on top of the prediction level everyone’s been watching for weeks. The token trades at $1, with little to no movement today after briefly dipping into the high-$0.98 range earlier this week, or its lowest print since November. The more interesting question is what happens if this dollar floor cracks again, and there’s a rotation angle here that most traders haven’t priced in yet.
The move below $1 rattled sentiment, with Yahoo Finance flagging on August 17 that XRP was sitting “right on $1” with buyers unwilling to commit.
XRP just slipped back under $1 — 𝗕𝗮𝗻𝗸XRP (@BankXRP) August 17, 2026
Sharp rejection after tagging $1.008 sellers stepped in fast and dragged it straight to $0.996. 24h volume sitting at $21.8M with funding still positive.
Question is whether this is a shakeout or the start of something uglier https://t.co/aBSJxFAGiL pic.twitter.com/qEZlixH0ow
CoinGecko’s 24-hour volume reading of $756.5 million suggests conviction is thin on both sides right now, not absent. CoinGecko data shows the token has actually managed a small green candle over the last day, even as its 7-day change sits at -2%.
Zoom out, and the macro backdrop isn’t helping risk assets generally; chip stocks sold off, inflation fears resurfaced, and Treasury yields pushed the Nasdaq down over 1% at the open. That kind of tape tends to compress crypto ranges rather than break them cleanly in either direction.
Discover: The Best Token Presales
XRP Price Prediction: Hold $1.00 and Push Toward $1.20?
XRP has been boxed between $1.00 and $1.18 since late June, and today’s price action does little to resolve that range. The intraday band on live trackers shows a low of $0.9888 and a high near $1.007, a tight squeeze that typically precedes a directional break, not another quiet week.
Bull case: a reclaim and hold above $1.007 opens the door to the $1.06–$1.08 zone flagged around the last CPI print, with $1.18–$1.20 as the level that would meaningfully improve the technical structure.
Base case: continued chop between $0.99 and $1.03 while the market waits for a fresh catalyst.
Bear case: a clean break of $0.9888 exposes $0.97, and potentially the $0.90–$0.95 pocket if selling accelerates. Recent technical coverage and institutional exposure reports both suggest the range holds until a macro trigger forces the issue. Worth watching before adding size either way.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Bitcoin Hyper Targets Early Mover Upside as XRP Grinds Sideways
Holding a large-cap through a multi-week range like this tests patience. The chart hasn’t given XRP holders much to celebrate since June, and a -2% weekly print on top of a failed dollar defense isn’t nothing.
For traders tired of watching a nine-figure market cap asset move a few cents in either direction, the calculus shifts toward projects still early enough to move on their own terms.
Bitcoin Hyper ($HYPER) is pitching itself as the first Bitcoin Layer 2 with full SVM integration. It boasts a smart contract with speed rivaling Solana, built on Bitcoin’s settlement layer.
The presale has raised $33 million at a current token price as low as $0.0136849, with a huge 35% staking reward available at the presale phase.
Standout features include a decentralized canonical bridge for BTC transfers and low-latency execution aimed at solving Bitcoin’s long-standing programmability gap.
Research Bitcoin Hyper before deciding if it fits a rotation strategy.
Discover: The Best Crypto to Diversify Your Portfolio
The post XRP Price Prediction: Lowest Since 2024, $1 at Risk appeared first on Cryptonews.
[PRESS RELEASE – Willemstad, Curaçao, August 19th, 2026]
1win, a crypto entertainment platform, has added Crypto Genesys, Pragmatic Play’s new crypto-themed slot, giving its players access to a title currently available across only a limited selection of gaming platforms.
As one of the few selected gaming platforms that offer Crypto Genesys, 1win is expanding its entertainment offerings beyond cryptocurrency transactions to include gaming experiences designed specifically for crypto-oriented audiences.
Set in the world of crypto, AI, and digital culture, Crypto Genesys takes players into a neon-lit cyberpunk metropolis where digital currencies meet futuristic gameplay. A cyborg character overlooks the reels, while crypto-inspired tokens, including a prominent Bitcoin symbol, drive the game’s visual identity.
Instead of traditional paylines, Crypto Genesys uses a scatter-pays system across a 6-reel, 5-row grid, allowing winning symbols to land anywhere on the reels. Tumbles clear winning symbols to make room for new ones, creating opportunities for consecutive wins within a single sequence.
The game also features multiplier symbols and Free Spins with accumulating multipliers. Players looking for more control over the gameplay can use the Ante Bet feature to increase their chances of triggering Free Spins or access the bonus round directly through the Buy Free Spins option.
With high volatility and a maximum win of up to 15,000x the stake, Crypto Genesys is designed for players looking for high-risk, high-reward gameplay wrapped in a distinctly crypto-inspired experience.
Crypto Genesys is now available to play on 1win.
About 1win
Founded in 2016, 1win is a crypto entertainment platform in the global gaming industry. Operating across Asia, Latin America, and Africa, 1win offers a wide range of entertainment products adapted to regional audiences. The brand has active collaborations with international public figures, including football legend Luis Suarez, martial artist Jon Jones, and Olympic champion and UFC fighter Gable Steveson. In 2026, 1win welcomed rapper Tyga, UFC legend Ilia Topuria, and reggaeton star Nicky Jam as members of the 1win VIP community.
The post Crypto Genesys Goes Live on 1win in Limited Platform Release appeared first on CryptoPotato.
Gemini co-founder Cameron Winklevoss says the artificial intelligence (AI) trade has handed investors a Bitcoin (BTC) time machine, with the asset now trading near half of last year’s price.
He posted the argument on X, urging investors to treat the drop as an entry point rather than a warning sign.
Why Winklevoss Calls This a Bitcoin Time Machine
Winklevoss argues that capital chasing AI stocks has suppressed crypto prices. As a result, buyers can now reach levels that looked out of reach twelve months ago.
He ties the weakness to competition for capital. AI equities absorbed flows that once moved into risk assets such as BTC.
The comparison rests on a simple counterfactual. A year ago, BTC traded above $120,000, and a few holders expected a slide back toward $60,000.
Bitcoin peaked at $126,080 on October 6, 2025, according to BeInCrypto price data. BTC now changes hands at $64,231, roughly 49% below that record. Meanwhile, the market value of the asset sits near $1.29 trillion.
The chart shows where the damage landed. BTC broke down sharply in February 2026 and has traded below $80,000 ever since.
The pitch also echoes his earlier calls. In July, Winklevoss backed Bitcoin and Zcash as the AI rout dragged South Korea’s Kospi index down almost 11%.
His own trading record complicates the message. In March, the twins moved $130 million in BTC to Gemini wallets, which analysts read as preparation to sell.
Gemini has felt the downturn directly. The exchange cut roughly 30% of its workforce earlier this year and posted a $585 million loss for 2025.
Analysts Still See Room Below $64,000
Not everyone treats the discount as a floor. One BeInCrypto study of cycle timing placed the bear market bottom near $47,000.
Institutional demand also looks thin. Last week, spot Bitcoin exchange-traded funds (ETFs) recorded $390 million in outflows as oil prices climbed.
The AI question cuts both ways. Money rotating out of AI stocks could lift crypto. However, a broad risk selloff would probably drag BTC lower first.
Still, Bitcoin has shown some independence this week. On Monday, the S&P 500 slipped while BTC pushed above $64,000 ahead of the Federal Reserve minutes.
Winklevoss closed his post by asking when Bitcoin goes back to the future. Traders watching the current Bitcoin price may read part of that answer in this week’s Fed minutes.
The post Bitcoin Time Machine Hands Buyers a 50% Discount, Cameron Winklevoss Says appeared first on BeInCrypto.
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