Market figures suggest that Bitcoin traded between USD 80,874 and USD 75,525 during Thursday's session, reversing its November 4 recovery above USD 80,000. The cryptocurrency subsequently hovered around USD 76,075, representing an intraday decline exceeding 5.6%. Total cryptocurrency market capitalization slipped to approximately USD 2.56 trillion as major altcoins followed Bitcoin lower.
Gold advocate Peter Schiff criticized the cryptocurrency's valuation, writing, “The biggest difference between the two is that while AI has actual value, Bitcoin has none.” His comments reflected bearish sentiment rather than an established assessment of Bitcoin's utility.
