As reported by TechFlow, on October 12, economist and crypto critic Peter Schiff posted on X that the crypto market massacre is ongoing, with Bitcoin falling below $110,000 and Ethereum below $3,700. He warned that if Ethereum breaks the $3,350 support level, it could drop to $1,500, a nearly 70% decline from its peak. In that case, Bitcoin could fall to around $75,000, a 40% drop from its high, wiping out all paper profits for Strategy.
Economist Warns of Continued Crypto Market Decline, Strategy Bitcoin Gains at Risk
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