Bitcoin rebounds above eighty thousand dollars after dropping to a five week low
Image: Bitcoin.com NewsBitcoin dropped below eighty thousand dollars to a five week low near seventy nine thousand dollars. Analyst Peter Schiff warned of a further decline to seventy five thousand dollars and highlighted weekend trading restrictions for exchange traded fund investors. United States spot bitcoin ETFs recorded six hundred thirty five point four nine million dollars in withdrawals. Bitcoin subsequently rebounded to reclaim the eighty thousand dollar level.
Key points
- Bitcoin dropped below eighty thousand dollars to reach a five week low near seventy nine thousand dollars.
- Peter Schiff warned that bitcoin could fall further to seventy five thousand dollars.
Why it matters
Spot bitcoin exchange traded funds experience distinct trading hour limitations compared to continuously traded cryptocurrency markets, affecting weekend liquidity access.
Price context · BTC
At publication
$80,543.00
Now
$80,762.00
Change since
+0.27%
7 days · dashed line = publication
Sources · 2 publishers
Bitcoin.com News
Tier 2
Peter Schiff Warns Bitcoin Could Hit $75K After BTC Fell Below $80K
Coverage timeline
- First reported by CryptoPotato
- Also reported by Bitcoin.com News
- CryptoVideos brief published
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NEXO
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