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.
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
Bitcoin fell below $65,000 following Iran's rejection of renewed peace talks with the US, intensifying geopolitical risks. Despite former President Trump's claim that Iran sought a deal, Iran's Foreign Ministry confirmed no plans for negotiations, pr...
Bitcoin crossed the $65,000 mark with improving market sentiment, reflected by a Crypto Fear & Greed Index of 35. Despite recent volatility and liquidation of over 79,000 traders, Bitcoin and Ethereum saw significant inflows into spot ETFs, signaling...
Bitcoin surged above $65,000 and Ethereum passed $1,900 after US Producer Price Index data showed inflation cooling more than expected. The weaker inflation readings reduced market expectations for a Federal Reserve interest rate hike in July, boosti...
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
