digital mint

The Scaramucci family has invested more than $100 million in American Bitcoin, a mining firm associated with Donald Trump's sons. This investment was facilitated by Solari Capital, founded by AJ Scaramucci, which led a $220 million funding round in July, prior to American Bitcoin's public listing in September. AJ confirmed the investment amount but did not specify the exact figure, noting that his father, Anthony Scaramucci, also made a smaller contribution.

Other notable investors include Tony Robbins and Cardano's Charles Hoskinson. Despite a history of conflict between Anthony and Trump, AJ stated that politics did not influence the investment, emphasizing that Bitcoin transcends political divides. AJ's connection to American Bitcoin stems from his friendship with its president, Matt Prusak, during their time at Stanford. The company mines Bitcoin and holds a significant amount on its balance sheet. Eric Trump recently remarked that the current crypto market volatility is a normal aspect of seeking high returns.

After touching a reward of high above $126,000 earlier this year.Bitcoin had faced a strong correction and is now hovering the key near $97,000 mark.
The relative strength index (RSI) has dropped to around 33 signaling that Bitcoin is entering the oversold zone, a sign of steady accumulation despite the dip. If Bitcoin can stay above $98,000 analysis believed a short term rebound to $107,000 could follow.
However if it slips below the crucial level, the market might see a deeper pullback , possibly heading toward $90,000.


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