Ethereum Going to $2K Says Peter Schiff, Altcoins Bleed Amid US Recession Fears

Quick Summary:

The US recessionary fears have sent jitters across the asset classes with Bitcoin and the broader crypto market seeing major drops.

The Ethereum price has crashed 6% going under $3,000, the level last seen in early July.

Gold buff Peter Schiff took this opportunity to say that a US recession would be bullish for Gold.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Ethereum ETF Spot Ethereum ETF Ethereum (ETH) price Peter Schiff 24/7 Cryptocurrency News Ethereum (ETH) Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-03 @ 04:52:29 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 445 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21903269

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 23 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

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