{"id":137303,"date":"2024-09-16T15:00:34","date_gmt":"2024-09-16T12:00:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137303"},"modified":"2024-09-16T10:59:44","modified_gmt":"2024-09-16T07:59:44","slug":"bitcoin-might-drop-below-58000-according-to-popular-economist","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-might-drop-below-58000-according-to-popular-economist\/","title":{"rendered":"Bitcoin Might Drop Below $58,000, According to Popular Economist"},"content":{"rendered":"<p>Currently hovering just above that threshold, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> stands at around $58,800.<\/p>\n<p>Schiff <strong><a href=\"https:\/\/x.com\/PeterSchiff\/status\/1835513674334658927\" target=\"_blank\" rel=\"nofollow\">dismissed<\/a><\/strong> any comparisons between Bitcoin and these assets, going so far as to claim that Bitcoin isn\u2019t even comparable to silver. Recently, silver prices surged past $31 per ounce, eyeing a potential new high for 2024, while its year-to-date peak of $32.5 was reached in May.<\/p>\n<p>As gold prices surged to a record $2,586, Bitcoin\u2019s price took a dive, sliding below $60,000. This comes as the precious metals market rallies ahead of the Federal Reserve\u2019s upcoming decision on interest rates.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/coinbase-ceo-addresses-concerns-over-bitcoin-etf-management\/\" title=\"Coinbase CEO Addresses Concerns Over Bitcoin ETF Management\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/10-18-coi-brian-armstrong-scaled-e1679659287610-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Coinbase CEO Addresses Concerns Over Bitcoin ETF Management<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The shift in Bitcoin\u2019s price has triggered a move in market sentiment, with the \u201cFear and Greed\u201d index dropping to 39 points, signaling a turn towards \u201cfear.\u201d Just a day prior, the index reflected a more neutral stance as Bitcoin\u2019s value briefly recovered. However, volatility returned as traders brace for the Federal Reserve\u2019s anticipated rate cut later this month.<\/p>\n<p>In June, Schiff predicted that Bitcoin\u2019s value would continue to erode against gold for years to come. Although Schiff\u2019s negative outlook on Bitcoin has been a constant theme, many consider his views to be overly pessimistic, given his long history of bearish predictions on the cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A well-known critic of Bitcoin, Peter Schiff, has once again predicted a sharp decline in the cryptocurrency\u2019s value, suggesting it could fall below $58,000.<\/p>\n","protected":false},"author":3,"featured_media":1401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-137303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Might Drop Below $58,000, 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