CandleFocus Peter Schiff Reacts to Bitcoin's Historic Rise Above $82,000
2024-11-11
Author: Content Editor
Bitcoin has reached a new milestone by surpassing the $82,000 mark for the first time. This has caused reactions from people like Peter Schiff, a well-known cryptocurrency critic, who expressed skepticism about the surge. Schiff believes that Bitcoin's rise has nothing to do with its fundamentals and questioned the recent price movement in relation to the performance of the US dollar and gold. Despite the skepticism, the crypto market has seen a broad surge in the past week, with Bitcoin gaining nearly 20% in seven days. There have also been significant liquidations in the crypto market, with futures premiums rising and open interest in Bitcoin's price approaching $2.8 billion.
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