Gold advocate Peter Schiff said Bitcoin will eventually be worth $0, while BTC dipped Monday amid broader risk-off trading to start December. The remark fed negative sentiment as markets turned cautious.
A fresh macro shock pushed global risk assets lower on Nov. 14, with the S&P 500 down about 1.8% and the entire crypto market sliding in tandem. Bitcoin fell alongside equities as investors moved into a risk-off stance.