Economist Peter Schiff predicts Bitcoin's price could fall below $50,000 and eventually reach $20,000, citing excessive market complacency and recent price retracements. The drop is partly linked to Michael Saylor's company selling some Bitcoin to cover costs and rising geopolitical tensions in the Middle East, which may increase risk-off sentiment among investors. Schiff also suggests this Bitcoin decline could signal broader risk asset sell-offs, potentially driving investors toward safer assets like gold. The situation remains uncertain, with geopolitical factors and market reactions to be closely watched.
Bitcoin has dropped to its lowest levels in several months, prompting traders to adopt more defensive strategies. There is a noticeable increase in demand for put options, signaling that investors want to hedge against further declines amid ongoing m...
The total cryptocurrency market cap fell to $2.29 trillion, down 8.7% over the past week due to macroeconomic concerns like persistent inflation and expectations of prolonged high interest rates. This environment has led to capital moving away from s...
Bitcoin dropped below $67,000 as uncertainty around Strategy Inc. (MSTR) impacts the market. Technical analysts warn of further downside, with key support levels between $38,000 and $43,000, and stronger support near $25,000 to $30,000 if those fail....
Bitcoin fell more than 11.25% this week, dropping below $65,360 to its lowest since March, pressured by large holders selling 24,602 BTC and Strategy's sale of 32 BTC. The price is testing a key long-term support near $61,800, with a risk of further ...
Standard Chartered predicts Ethereum will climb 41% to around $2,700 by the end of 2026, citing recent Bitcoin sales and Ethereum's ability to generate staking income as key factors. The bank highlights Ethereum's improving network fundamentals and g...
