The crypto market is experiencing bearish volatility, with Bitcoin dropping to $57,694 after attempting to break through the $61K range. Renowned economist Peter Schiff, a Bitcoin skeptic, warns of a substantial decline in Bitcoin's price based on a triple-top formation. Schiff believes Bitcoin could fall to the $42K level, but doubts it will hold and suggests a deeper correction to the $15K-$20K range, wiping out recent gains. Other analysts also support a bearish trend.
Other News from Today
CryptoQuant Founder Ki Young Ju Says Enthusiasm Is Declining in Cryptocurrency Industry! Here's Why!
Former Celsius CEO Mashinsky seeks testimony from six witnesses as he faces 115-year prison sentence
Binance founder CZ to be released from prison on September 29, confirms US Federal Bureau of Prisons