Main navigation

Bitcoin Crashes Below $7,000, Peter Schiff Calls BTC Sinking Ship

Advertisement
Thu, 12/03/2020 - 11:18
Bitcoin Crashes Below $7,000, Peter Schiff Calls BTC Sinking Ship
Cover image via www.facebook.com
Read U.TODAY on
Google News

The Bitcoin price has crashed below the $7,000 mark, trading at $6,285, according to CoinMarketCap figures. Peter Schiff, the famous Bitcoin hater, has compared Bitcoin with a sinking ship in his recent tweet, stating that ‘the air continues to come out of this bubble’.

He went after those Bitcoin proponents who have stated that, despite the price collapse, Bitcoin has still outperformed the major conventional assets this year, saying that such people will always be able to find a point in the past, from which Bitcoin currently sits higher.

Analyst Michael van de Poppe commented on the new Bitcoin price:

“So, I left Amsterdam 40 minutes ago at $7,300. Now parked in between my drive and we bounced from $5,500 to $6,500. Excuse me.”

Advertisement

card

Trader Scott Melker tweets:

“7100-5500 in a single 30 minute candle.”

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD