August 1, 2025

Bitcoin Struggles: Price Drops Below $59,000 as Peter Schiff Highlights 30% Decline Against Gold

1 min read

The Bitcoin market has been experiencing significant volatility recently, falling below $59,000 in the midst of bearish trends. This decline is highlighted by comparisons with gold, showcasing Bitcoin’s relative underperformance. Prominent economist Peter Schiff has emphasized Bitcoin’s substantial drop against gold, stirring further debate within the financial community. Bitcoin’s Bearish Trends and Potential Rebound: A

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Source: CoinOtag

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