Stocks Slide, Bitcoin Jumps as Peter Schiff Calls Crypto Rally a “Sucker’s Bet”
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U.S. stock markets lost $650 billion as major indexes fell, while Bitcoin gained 7%, adding $130 billion to its market value. This signals a clear divergence between traditional markets and digital assets, with the total crypto market increasing by $190 billion.
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- U.S. stock markets lost about $650 billion this week as major indexes declined.
- Bitcoin gained around 7%, adding roughly $130 billion in market value.
- Silver and gold saw sharp volatility despite hitting new record highs.
U.S. stock markets had a rough week, wiping out about $650 billion in market value as major indexes moved lower. The Nasdaq fell around 1.4%, the Dow Jones dropped 1.2%, and the S&P 500 slipped roughly 1%, even as stocks remain near record highs.
At the same time, Bitcoin moved in the opposite direction. Bitcoin rose about 7% this week, adding roughly $130 billion to its market value. The total crypto market gained close to $190 billion, highlighting a clear split between traditional markets and digital assets.
Volatility was not limited to stocks. Silver prices briefly fell nearly 8% within minutes after touching a fresh record high, underlini…
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