Schiff presented a psychological line that BTC has to maintain to avert a more violent price correction.
The total crypto market cap is below $2.5 trillion now as BTC slipped to $63,500.
Most altcoins have suffered even more, including SOL, DOGE, ADA, SHIB, and AVAX.
Ardoino also explained which is Tether's main market and why the company doesn't care about DeFi.
Numerous meme coins have also posted double-digit price increases in the past 24 hours.
TON has been in a state of a freefall after the recent partnership with Tether.
NEAR Protocol's native token is among the top performers in the past 24 hours.
Although many alts are well in the green today, the trend is led by four reps of the meme coin…
Several larger-cap altcoins have soared in the past 24 hours, but none more than SHIB.
ADA and ICP have gained the most from the larger-cap alts.