Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of using its Bitcoin reserves, arguing this dilutes shareholders and reflects the company's dilemma in managing its large BTC holdings. Schiff believes selling large amounts of Bitcoin would crash prices, but the market's awareness of this limits Strategy's options. Despite his bearish outlook, Schiff acknowledged Bitcoin was a smart buy 15 years ago but remains skeptical now. Bitcoin currently trades just below $65,000 after a recent 5% gain.
The global cryptocurrency market capitalization increased by 0.7% to reach $2.594 trillion. However, both Bitcoin and Ether saw declines during the same period, with Bitcoin dropping 0.4% in 24 hours and 2.9% over seven days, trading at $74,572.25. E...
Open interest in Solana's perpetual futures surged 4.55% to $832.5 million, the fastest gain among five major cryptocurrencies, indicating growing trader interest. Bitcoin's open interest also rose 3.06% to $7.41 billion, while Ether's declined sligh...
David Schwartz, former CTO of Ripple, has sold about 90% of his XRP holdings, reducing from 26 million to 3 million tokens due to decreased risk tolerance. He also cut his Bitcoin and Ethereum holdings significantly. Despite this, he still holds a su...
Capital B has purchased an additional 12 Bitcoin, increasing its total Bitcoin holdings to 3,550 BTC. The company plans to continue accumulating Bitcoin through capital-market financing, signaling a strategic move to build its cryptocurrency portfoli...
Crypto trader Michaël van de Poppe is optimistic about Bitcoin's price, stating it must maintain support around $74,000 to potentially recover toward $80,000. As of early Nov. 11, Bitcoin traded near $73,755, close to this critical level. Holding abo...
