Peter Schiff

$BTC $ETH $XRP
📉 𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 & 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗘𝘅𝗽𝗶𝗿𝘆:
The cryptocurrency market is in the midst of high volatility because today there have been expirations of a major options contracts:
• 23,000 Bitcoin options of worth $1.97 billion.
•177,000 Ethereum options of $280 million value.
These will likely cause some massive price shifts in the marketplace.
📊 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗛𝗼𝗹𝗱𝘀 𝗦𝘁𝗲𝗮𝗱𝘆 𝗔𝗺𝗶𝗱 𝗗𝘂𝗯𝗶𝗼𝘂𝘀 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀:
• Bitcoin (BTC) is trading in the vicinity of $84,000, riding high in its position in an upward channel.
• Even amidst this strength, analyst Peter Schiff foresees a possible quick drop, giving reasons of abating momentum as well as fat resistance levels.
🚀 𝗔𝗹𝘁𝗰𝗼𝗶𝗻 𝗣𝗿𝗶𝗰𝗲 𝗔𝗰𝘁𝗶𝗼𝗻𝘀:
• XRP has jumped more than 300% against Bitcoin during the last half-year, aided by Ripple acquisitions and positive regulatory news.
• A technical analyst foresees that XRP may have the potential to go above $50, citing its bullish trend.
• Ethereum (ETH) is trading slightly below $1,600, after the total net assets of US spot Ether ETFs dropped by 60%.
🇨🇳 𝗚𝗹𝗼𝗯𝗮𝗹 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗙𝗮𝗰𝘁𝗼𝗿𝘀:
The People's Bank of China injected 250.5 billion yuan into the economy, resulting in a boost in cryptocurrency prices:
• Bitcoin went up from $67,500 to $69,200.
• Ethereum went up from $3,200 to $3,300.
Investors are responding positively to the higher liquidity, opting for higher returns in risky assets such as crypto.



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