Peter Schiff warns of Bitcoin crash again as BTC misses Wall Street rebound

Bitcoin has remained under pressure below $75,000 despite a strong recovery across US stock markets, prompting economist and longtime cryptocurrency critic Peter Schiff to warn investors that another major crash could be approaching. Peter Schiff warned that Bitcoin could face another major crash after the cryptocurrency slipped below $75,000 despite a strong recovery across US stock markets. The S&P 500 gained 2.35% and the Nasdaq Composite rose 2.74% on November 9, while Bitcoin struggled to recover alongside traditional equities. Bitcoin has continued to face selling pressure even as technology stocks rebound, with the cryptocurrency showing weaker performance than major US stock indices. US spot Bitcoin ETFs recorded approximately $1.28 billion in net outflows during the first week of November, with BlackRock's IBIT accounting for most of the withdrawals.

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