Bitcoin News Today: Peter Schiff’s Ethereum Warning and Bitcoin Praise Shake Up Market Sentiment
The post Bitcoin News Today: Peter Schiff’s Ethereum Warning and Bitcoin Praise Shake Up Market Sentiment appeared on BitcoinEthereumNews.com.
In a surprising twist, longtime Bitcoin critic Peter Schiff is now urging investors to swap Ethereum for Bitcoin, reigniting the age-old BTC vs ETH rivalry at a crucial moment. Bitcoin price today hovers just above $118,000, showing resilience amid swirling narratives in the crypto space. The market was stirred this week after gold advocate and longtime Bitcoin critic Peter Schiff unexpectedly endorsed Bitcoin over Ethereum, igniting a fresh debate about which crypto asset holds stronger long-term potential. At the center of the buzz is Schiff’s suggestion that investors should “sell Ethereum and buy Bitcoin,” a position based not on newfound affection for BTC but rather on technical chart patterns and perceived structural risks in Ethereum’s ecosystem. Market Overview: Bitcoin Holds Strong as Ethereum Faces Resistance Bitcoin (BTC) was trading at around $118,237, down 0.64% in the last 24 hours at press time. Source: Bitcoin Liquid Index (BLX) via Brave New Coin While Ethereum surged to $3,800, its highest level since January, Bitcoin has held steady, maintaining its upward trend despite outflows from spot ETFs. Schiff’s statements come during a time of relative strength for BTC, which remains the dominant digital asset in terms of market cap and institutional recognition. Ethereum (ETH) was trading at around $3,607, down 3.83% in the last 24 hours at press time. Source: Ethereum Liquid Index (ELX) via Brave New Coin Despite Ethereum’s recent 66% rally over the past month—fueled by more than $2.1 billion in inflows to U.S.-based Ethereum ETFs—Bitcoin continues to outperform in broader investor sentiment. Bitcoin ETF news indicates $131 million in outflows in the same period, but the price has shown minimal downside, signaling strong underlying support. Chart Signals and Bitcoin Technical Analysis Peter Schiff’s call leans on the ETH/BTC pair, which has slipped to 0.031—towards the lower end of its 5-year…
