Many cryptocurrencies including Bitcoin are trading at deep losses today. At the time of writing, some top coins including XRP, MATIC, and BNB, are all down by more than 5% in 24 hours, respectively. While BTC records a 7.88% loss in 24 hours, ETH is down by 8.89%. 

Looking at the weekly price losses, Bitcoin has lost 10.88% in the past 7 days while Ethereum has lost 10.94% in the same time frame. Other altcoins, such as BNB, have lost 6.62% and 6.66% in their 24-hour and 7-day price trend.

These losses today have plummeted the overall crypto market cap below $900 Billion, leaving it at $890 billion. As the market is bleeding, a staunch crypto critic Peter Schiff advises investors to sell BTC and buy gold now. 

More Blockchain Related Crashes Are brewing

In a Twitter post today, Peter Schiff predicted that more bankruptcy cases would hit the industry, further deepening the crypto winter.

If #crypto really is the future, why is #Silvergate, the premier crypto bank already a thing of the past? A wave of #blockchain related bankruptcies will soon crash down on #CryptoCurrencies, turning the crypto winter into a deep freeze. Hurry, sell your #Bitcoin and buy #gold.

— Peter Schiff (@PeterSchiff) March 10, 2023

Notably, Schiff mentioned Silvergate, Go to Source to See Full Article
Author: Savannah Fortis

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