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's price fell below $83,000 on September 28-29, triggering the liquidation of about $500 million in leveraged crypto positions and impacting 129,197 traders. The drop was influenced by rising oil prices after geopolitical tensions and a rare 3...
Bitcoin's price fell slightly below the $84,000 mark to $83,935 during early trading on September 29, as observed on Binance's spot market. Despite the dip, Bitcoin's one-hour price change remained marginally positive at 0.07%, indicating some short-...
Gold experienced a rare 3.4% single-day decline due to surging U.S. Treasury yields and increased expectations of Federal Reserve rate hikes, hitting its lowest in over seven weeks. Bitcoin also fell toward $83,000, pressured by the same macroeconomi...
Zcash (ZEC) experienced the highest forced liquidations in the crypto market over a 12-hour period ending early Sept. 29, with $28.73 million in positions closed. This liquidation volume surpassed that of Ether ($15.58 million) and Bitcoin ($15.08 mi...
Spot Bitcoin ETFs recorded $31.07 million in net inflows on September 28, marking eight consecutive days of positive inflows and bringing total cumulative inflows to $57.58 billion. Blackrock’s IBIT led with $54.84 million in daily inflows, reaching ...
