Bitcoin's recent drop to $60K is a normal correction due to early-stage adoption, despite regulatory progress and institutional interest.

Bitcoin fell to $60K amid volatility despite positive developments such as ETFs, institutional interest, and regulatory progress. SkyBridge Capital founder Anthony Scaramucci explained that the recent drop is a normal correction due to Bitcoin's early-stage adoption, and volatility is expected during this phase. Scaramucci remains confident and bought more Bitcoin during the dip, calling the recent drop a "normal correction."