Bitcoin News: Bitcoin Faces Decline as Gold Rallies to Record Highs, Schiff Weighs In

Peter Schiff Cheers Gold’s $3,060 Rally as Bitcoin Struggles

Gold has climbed to a record $3,060, up nearly $40 in a single morning, while Bitcoin (BTC) price stumbled at $86,975.84, down 1.12% in 24 hours as of March 27, 2025. Peter Schiff, a well-known gold advocate and crypto skeptic, attributes gold’s surge to a loss of confidence in the dollar and the certainty of higher inflation. BTC price marks its second straight day of declines since March 25, with Schiff’s arguments gaining fresh weight due to the data.

Bitcoin Holds Strong as Whales Accumulate Ahead of Major Breakout

Bitcoin maintains bullish momentum, holding strong above key support after bouncing from $78K. Whales have accumulated $11 billion in BTC, signaling confidence in a potential breakout. Traders anticipate a short squeeze, which could push Bitcoin past $90K and beyond. If momentum holds, BTC could be on track for a new all-time high above $109K. Currently, Bitcoin price is trading at $87,483 with a 24-hour trading volume of $38.47B and a market cap of $1.74T.

Bitcoin (BTC) Defies Market Sentiment, Holds Strong Above 200-Day Moving Average

As U.S. markets and crypto remain in a state of fear amidst economic uncertainty heading into 2025, Bitcoin (BTC) has been maintaining its gains from the past few weeks. The BTC price is currently above the crucial 200-day moving average, approaching a major decision point. Below this level lies the $80,000 support and the strong $70,000 horizontal support from the 2022 bull market. Above, the price faces a descending trendline from the $109,000 top and the important $91,000 horizontal level.

Crypto in iGaming: Is It Actually Taking Hold as a Feature?

Doubters who claim that crypto currencies have no practical use in the real world should pay attention to leading online casino and sports betting sites. These platforms are embracing crypto due to practical reasons related to security and privacy. Bitcoin and other coins are now standard features that customers fully expect to use. This trend has been developing for some time and is now widely adopted in the iGaming industry.

GameStop Tumbles 25% Following Bitcoin Convertible Bond Plan

Shares of GameStop (GME) plunged 25% on Thursday, erasing all gains since the company announced it will add Bitcoin (BTC) as a treasury reserve asset. GME fell to just above $21 during the session, trading at its lowest price since October and down over 28% from its Wednesday peak of nearly $30. The price action happened after the company unveiled plans for a $1.3 billion, 0% convertible note offering to raise money for its BTC acquisition plan. Many existing shareholders dislike the move, causing a significant shift in trading volume.