Economist and gold advocate Peter Schiff predicts bitcoin will crash below $20,000, an over 80% drop from recent highs, as the cryptocurrency recently slipped under $66,000. Schiff argues that bitcoin's growth is speculative and that increased leverage and institutional ownership make the market more vulnerable to a sharp decline. He contrasts bitcoin with gold, which he sees as a safer store of value amid inflation and a weakening dollar. While Schiff has made similar bearish calls over 20 times before, this warning highlights ongoing concerns about bitcoin's stability and the risks posed by corporate bitcoin holdings and leveraged traders.
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Bitcoin is currently trading around $64,878 but faces potential downside risks, with analysts projecting a possible drop to $38,000–$39,000 based on past four-year bear market cycles. This would represent a roughly 40% decline from current levels and...
