Peter Schiff considers Bitcoin to be in a long-term bear market after it slipped toward $68,000, below its November 10, 2021 peak of $69,000. Bitcoin fell 7% in 24 hours, more than 9% over seven days and nearly 11% over two weeks, while its market dominance exceeded 60.5%. XRP, ETH and SOL were hit even harder, declining 16%, 14% and 12%, respectively. Bitcoin supporters nevertheless challenged Schiff’s analysis, who defended gold and criticized Strategy’s STRC share buybacks.
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