Peter Schiff argues that Bitcoin is acting as the opposite of gold amid rising war-driven inflation fears, with gold and silver prices climbing while Bitcoin's value falls below $64,000. He highlights a significant divergence in returns this year, with gold and silver up and Bitcoin down, suggesting Bitcoin never behaved like digital gold. Schiff attributes the metals' strength to geopolitical risks and inflation pressures, while Bitcoin continues to underperform other major assets. This ongoing debate questions Bitcoin's role as a safe haven compared to traditional precious metals.
Bitcoin (BTC), the leading cryptocurrency by market capitalization, crossed the $80,000 price mark, reaching $80,209 on Binance's spot market at 12:55 p.m. ET on October 24. This milestone reflects a 0.71% increase over the previous hour, indicating ...
Crypto trader Doctor Profit announced he is increasing his Bitcoin long positions around the $80,000 price level, identifying this zone as a good buying opportunity rather than a reason to panic. He follows a strategy of adding to his positions each ...
On October 23, U.S. spot Bitcoin ETFs experienced $137.9 million in net outflows, marking a second consecutive day of withdrawals following similar outflows on October 22. In contrast, spot Ether ETFs recorded $4.4 million in net inflows the same day...
McDonald's announced the return of its McRib sandwich on October 27, reigniting a quirky market superstition linking the McRib's comeback to bullish bitcoin price movements. Historically, bitcoin posted gains after six McRib returns from 2019 to 2024...
Bitcoin's price fell 1.23% within one hour to $79,302 on Binance, marking a 2.72% decline over the past 24 hours. During this period, long liquidations across Binance, Bybit, and OKX totaled $45.14 million, significantly outweighing short liquidation...
