Bitcoin rebounds to $64,000; Schiff warns that $65,000 presents a prime selling opportunity

Bitcoin rebounded to $64,000, according to a report originally published by moomoo.com. The move marked a recovery for the largest cryptocurrency by market value, which is widely watched as a benchmark for broader digital-asset market sentiment.

Economist and longtime Bitcoin critic Peter Schiff said that $65,000 represented a prime selling opportunity, the report said. Schiff has repeatedly argued that Bitcoin does not possess the same underlying characteristics as traditional stores of value such as gold, and his market commentary is often closely followed by both supporters and critics of the cryptocurrency.

Bitcoin’s price can move sharply in response to changes in investor appetite, macroeconomic expectations, regulatory developments and flows into crypto-related investment products. The difference between Bitcoin’s reported $64,000 level and Schiff’s $65,000 threshold highlights how closely traders may watch nearby price ranges during periods of market volatility. Schiff’s view reflects an opinion on market conditions rather than an indication of Bitcoin’s future performance.