Bitcoin's Downturn and Peter Schiff's Outlook

Veteran cryptocurrency critic Peter Schiff has weighed in on Bitcoin's recent price action, casting doubt on its yearly gains. According to Schiff, the current price drop for BTC is merely the start of a more significant decline, aligning with a broader market downturn observed at the start of the week. His comments pour 'cold water' on the hopes of Bitcoin investors amidst the red market.

Shiba Inu Sees Bullish Exchange Outflows

In a contrasting development, the Shiba Inu market is witnessing a substantial outflow of tokens from exchanges. This trend, often indicative of investors holding rather than selling, is being highlighted as a potentially 'major bullish factor' that market participants may not have fully appreciated. Such outflows typically reduce selling pressure and can precede price appreciation.