Echelon Wealth Partners co-founder Peter Schiff has urged Bitcoin holders to abandon the sinking ship amid a brutal price correction. The perennial crypto critic has noted that the flagship cryptocurrency is now down by 60% agaisnt gold. Earlier today, BTC collapsed to an intraday low of $69,163, which is the lowest level since November 2024.
In a significant development for global financial markets, JPMorgan Chase & Co. has released analysis indicating Bitcoin’s long-term investment appeal now exceeds that of gold, marking a pivotal moment in the evolution of digital assets. This assessment comes as institutional investors increasingly evaluate cryptocurrency alongside traditional safe-haven assets, fundamentally reshaping portfolio allocation strategies worldwide. The
The crypto market is still struggling, with no clear sign that the selling has ended. On February 5, Bitcoin price dipped close to $69,000, a level not seen in over a year. The last time $BTC traded around this range was back in October 2024, amid the U.S. elections. Table of Contents Current market scenario
Gene Simmons, a rock legend and the frontman of KISS, has taken to social media to address his army of fans with a statement about a subject he does not touch too often: Bitcoin. Simmons recommends holding Bitcoin Gene Simmons posted a tweet sharing his personal philosophy about the world’s crypto leader, Bitcoin. The rock
Bitcoin Price Crashes 9% to $69,000 As Markets Spiral Into Full Risk-Off Mode The bitcoin price slid to $69,000 in Asian trading Thursday as a deepening selloff in global markets spilled into crypto markets. The world’s largest cryptocurrency fell as much as 9% over the past 24 hours, touching lows at $69,031 before trimming losses.
In a significant move underscoring growing institutional confidence, DDC Enterprise, the NYSE-listed e-commerce firm, has strategically purchased an additional 105 Bitcoin ($BTC). This acquisition, announced on March 21, 2025, from the company’s New York headquarters, solidifies its position as a major corporate holder with a total treasury of 1,888 $BTC. Consequently, this decision reflects a
In This Article Geopolitical Shock Sparks Flight to Safety Fed Leadership Shift Strengthens the Dollar Weak Liquidity Magnifies Price Moves Bitcoin ETFs Record Heavy Outflows Price Breaks Below Key Cost Levels Bitcoin traded at $70,524 as of writing, posting a 7.64% daily loss and extending its weekly decline to more than 20%. The king crypto
Story Highlights Bitcoin struggles near $71,000 as selling pressure mounts, with analysts warning a break below $70K could drag prices down to $60K. Historical bear market trends and on-chain indicators suggest Bitcoin’s next price bottom may form near $60K as cycles grow shorter. Bitcoin price continued to face heavy selling pressure this week, trading near
Institutional attitudes toward bitcoin yield are beginning to shift and there is now renewed interest in $BTC rewards after years of skepticism driven by smart-contract risk, leverage, and opaque strategies, GlobalStake co-founder Thomas Chaffee told CoinDesk on Thursday. Products that allow users to earn a return on their bitcoin holdings often require wrapping $BTC into
Story Highlights Global crypto market loses $184 billion as Bitcoin falls near critical $69,000 historical support level. Bhutan sells $22 million Bitcoin batch while sovereign miner profitability drops after recent halving pressure. Coinbase premium turns deeply negative, signaling stronger institutional selling compared to retail-driven Binance pricing activity. The global market crash has hit the crypto