Peter Schiff says Bitcoin could crash 84% if it breaks below $50,000. The gold advocate and longtime crypto critic warned investors to “sell Bitcoin now.” Schiff predicts a drop toward $20,000, arguing that today’s market is riskier than past cycles. He cited higher leverage, more institutional ownership, and a larger market size. “This could mirror past drawdowns, but never with so much hype and market cap at stake,” Schiff wrote on X. Bitcoin has suffered big drops before. After its 2017 and 2021 peaks, the price fell more than 70% in bear markets. But the market has changed, with ETFs,…
Author: Sazid Kabir
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Gold and silver prices rose Friday as tensions between the United States and Iran escalated. Traders turned to safe-haven assets to protect their investments. Gold traded near $5,000 per ounce, up about 0.5–0.6% in 24 hours. The metal approached a key resistance level, and analysts said a small gain could push it toward its all-time high. Silver also climbed, reaching the upper $70s. It broke out of a triangle pattern in early trading, and traders are watching whether current levels will hold as support for further gains. Bitcoin traded near $67,900, up roughly 1% in 24 hours. The cryptocurrency faces…
The SEC has cut the capital “haircut” on qualifying payment stablecoins from 100% to just 2%. This means $100 of approved stablecoins can now count as $98 toward a broker-dealer’s net capital. Previously, many firms assumed stablecoins counted for nothing in capital calculations, making on-chain settlement uneconomic. The new guidance is part of the SEC’s effort to align stablecoins with conservative money market funds. SEC Commissioner Hester Peirce called the change a long-overdue correction. She said the previous rules made stablecoin balances effectively worthless for regulated dealers. The move follows last year’s GENIUS Act, which set reserve and oversight standards…
Bitcoin plunged from around $85,000 to $60,000 this week before finding some stability near $66,000. The sudden drop triggered a spike in volatility in the options market, according to research by cryptocurrency firm Matrixport. The implied volatility for March 2026 Bitcoin options jumped from just over 40% to nearly 65% before easing back toward 50%. This reflected a surge in demand for hedging against downside risk during the sharp price fall. Matrixport noted that investors are extremely pessimistic and overall market participation is low. Traders have reduced their positions and cut “tail risk” hedges, which has left liquidity thin. The…
Major cryptocurrencies are flashing mixed signals this week as prices hover near critical support and resistance levels. Ethereum traded relatively flat, with buyers holding key support. Analysts say Ethereum faces resistance above current levels, and recent weekly losses may set the stage for a relief rally. Technical indicators suggest the cryptocurrency may be completing a second downward move in an ABC correction pattern. XRP closed the week with small gains but failed to break resistance. Sellers rejected attempts to advance, hinting that the bearish trend may continue. Analysts expect price reactions at nearby support levels to guide the next move.…
Social sentiment around XRP has hit a five-week high, outpacing both Bitcoin and Ethereum, according to analytics firm Santiment. The Positive/Negative Sentiment indicator for XRP reached 2.35 over the past five days. A value above 1 shows that bullish mentions outnumber bearish ones. In comparison, Bitcoin sits near 1.05 and Ethereum at 1.4, showing far less social excitement. XRP was trading near $1.42 with roughly $2.22 billion in 24-hour trading volume. Analysts say the social optimism comes despite recent price struggles in XRP and a broader crypto market losing momentum. Santiment explained that its system scans crypto posts and threads…
Bitcoin’s mining difficulty has surged to 144.40 trillion, marking one of the fastest increases since the 2021 bull run. The sharp rise reflects growing competition among miners as more computing power joins the network. At the same time, Bitcoin’s total hashrate has climbed to 996.99 exahashes per second, just below the historic 1 zettahash per second milestone. This means more machines than ever are working to process transactions and secure the network. Mining difficulty automatically adjusts to keep block production stable at around one block every 10 minutes. When hashrate rises quickly, the network increases difficulty to maintain balance. This…
Chainlink exchange-traded funds have reached a major milestone after accumulating 1.16% of LINK’s total circulating supply, according to new market data. The funds recorded more than $630,000 in net inflows, showing steady demand from institutional investors. This growing accumulation suggests that large investors are taking long-term positions instead of trading quickly. Analysts say this reduces the amount of LINK available on exchanges, which can impact price movements over time. At the time of writing, LINK was trading near $19.10, showing a small daily gain but still down around 5% over the past week. Despite the drop, trading volume remained strong…
Bitcoin, Ethereum, and XRP faced renewed selling pressure after the latest Federal Open Market Committee (FOMC) minutes signaled caution on inflation and interest rates. The minutes showed that policymakers believe inflation progress may be “slower and more uneven than expected.” While inflation has cooled, officials said rate cuts are not imminent and further hikes remain possible if price pressures return. Treasury yields rose as a result, tightening financial conditions. High-beta assets like cryptocurrencies reacted with declines as investors adjusted positions. Bitcoin (BTC) briefly dipped toward $65,000 before recovering to around $66,800. The 50-day moving average at $82,600 remains a key…
United Arab Emirates has built a $700 million Bitcoin reserve through state-linked mining operations, according to blockchain analytics firm Arkham Intelligence. Arkham reports that wallets controlled by the UAE government hold roughly 6,300 BTC, valued at about $700 million at current prices. The holdings come primarily from industrial-scale mining rather than purchases or asset seizures. The mining is carried out by Citadel Mining, a public company largely owned by the UAE-backed International Holding Company (IHC), itself linked to the UAE Royal Group. Arkham’s research estimates the UAE has mined a total of around 9,300 BTC, with the remainder held in…