Yesterday, Bitfinex released its latest Alpha report dedicated to the recent retracement of the price of Bitcoin. The report notes that the retracement was 29.7%, which is the second deepest correction of this bull cycle, and especially that institutional buyers have not yet returned with sufficient strength to counteract the selling pressure. This leads to …
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Peter Schiff, renowned Bitcoin skeptic and chief economist, recently tweeted his concerns over the state of the financial market and its potential effects on Bitcoin. According to Schiff, with the NASDAQ currently down 12%, the possibility of a full-blown bear market could send Bitcoin into a steep decline. He claimed that a 12% drop in …
