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Bitcoin set to crash after 2026 U.S. midterms as stocks and metals rally, warns Peter Schiff.

Market News
10 Nov 2026, 20:02 WIB
Zycrypto
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Bearish
Bitcoin set to crash after 2026 U.S. midterms as stocks and metals rally, warns Peter Schiff.

Following the 2026 U.S. midterm elections, Bitcoin has dropped 4.6% while U.S. stocks surged 12% and precious metals like gold and silver rose by 5-7%. Analyst Peter Schiff attributes Bitcoin's decline to shaken investor confidence after the elections and a recent Binance hack. He warns that Bitcoin, having lost key support at $75,000, is likely to fall further toward around $59,517, urging investors to sell before a bigger crash occurs. The election outcome boosted traditional assets as investors anticipate reduced government spending and borrowing under a divided Congress.

Bitcoin's recent price outlook is the subject, with Pluang market data as of Nov 11, 2026 01:03 WIB. For readers following cryptocurrency trends, here is Pluang's market snapshot: out of 50 major cryptocurrencies, 7 rose and 42 fell today. Notable movers include BCH (Bitcoin Cash) at Rp4.126.140 with a 1-day change of -5.71% and a Pluang order activity split of 59% Sell / 41% Buy, GRT (The Graph) at Rp317 down 5.57% with 100% Sell orders, and CAKE (PancakeSwap) at Rp32.323 down 5.09% with balanced order activity. The most notable figure is the 100% sell order activity on GRT.

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