Bitcoin
Bitcoin (BTC)
$64,714.00 -0.90448
Bitcoin price
Ethereum
Ethereum (ETH)
$3,435.68 -1.50803
Ethereum price
BNB
BNB (BNB)
$572.72 -1.26691
BNB price
Solana
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$158.82 -1.18746
Solana price
XRP
XRP (XRP)
$0.5816150 -4.82938
XRP price
Shiba Inu
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$0.0000177 -8.62797
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Pepe
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$0.0000119 -3.83128
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Bonk
Bonk (BONK)
$0.0000269 -4.62915
Bonk price
Bitcoin
Bitcoin (BTC)
$64,714.00 -0.90448
Bitcoin price
Ethereum
Ethereum (ETH)
$3,435.68 -1.50803
Ethereum price
BNB
BNB (BNB)
$572.72 -1.26691
BNB price
Solana
Solana (SOL)
$158.82 -1.18746
Solana price
XRP
XRP (XRP)
$0.5816150 -4.82938
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 -8.62797
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000119 -3.83128
Pepe price
Bonk
Bonk (BONK)
$0.0000269 -4.62915
Bonk price
Bitcoin
Bitcoin (BTC)
$64,714.00 -0.90448
Bitcoin price
Ethereum
Ethereum (ETH)
$3,435.68 -1.50803
Ethereum price
BNB
BNB (BNB)
$572.72 -1.26691
BNB price
Solana
Solana (SOL)
$158.82 -1.18746
Solana price
XRP
XRP (XRP)
$0.5816150 -4.82938
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 -8.62797
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000119 -3.83128
Pepe price
Bonk
Bonk (BONK)
$0.0000269 -4.62915
Bonk price
Bitcoin
Bitcoin (BTC)
$64,714.00 -0.90448
Bitcoin price
Ethereum
Ethereum (ETH)
$3,435.68 -1.50803
Ethereum price
BNB
BNB (BNB)
$572.72 -1.26691
BNB price
Solana
Solana (SOL)
$158.82 -1.18746
Solana price
XRP
XRP (XRP)
$0.5816150 -4.82938
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 -8.62797
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000119 -3.83128
Pepe price
Bonk
Bonk (BONK)
$0.0000269 -4.62915
Bonk price

Peter Schiff is back with market crash prediction as Bitcoin nears $38k

peter-schiff-is-back-with-market-crash-prediction-as-bitcoin-nears-38k
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Peter Schiff is back with market crash prediction as Bitcoin nears $38k

Euro Pacific Capital CEO Peter Schiff warns of a market crash as spot Bitcoin ETF front-runners are getting ready for imminent approval.

The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to result in a market “crash” as speculators will dump their positions once the ETF is approved. At least, this is how Euro Pacific Capital CEO Peter Schiff sees things to unfold further.

In an X post on Nov. 9, Schiff attributed Bitcoin’s recent price surge to “speculators” who “continue to front run” a spot Bitcoin ETF.

Yet, the rally might be short-lived given that speculators will immediately dump their ETF positions once the U.S. Securities and Exchange Commission (SEC) gives the green light to the ETF, Schiff believes.

Schiff’s comments come as Bitcoin shortly neared the $38,000 level for the first time since May 2022 amid the news that the SEC has entered a “brief window” to approve all the current applications for the ETFs.

The surge triggered liquidations of more than 57,900 traders’ positions, totaling more than $186.6 million, according to CoinGlass.

It is worth noting that Grayscale CEO Michael Sonnenshein earlier addressed the unlikeliness of such a scenario, as his firm still has not received any word about approval for spot Bitcoin ETFs from the regulator. However, Bloomberg Intelligence Research James Seyffart noted that the SEC could still decide on the first few applications “at any point from now.”

As of press time, Bitcoin is trading at $36,490, according to data from CoinGecko.