According to U.Today, cryptocurrency critic Peter Schiff has issued a warning about an impending cryptocurrency crash. Schiff highlighted the recent 8% drop in Ethereum's price, attributing it to significant outflows from Grayscale's ETHE and a broader sell-off in the tech sector. The Nasdaq-100 index experienced its worst performance in approximately 18 months, contributing to the decline in cryptocurrency prices.

Bitcoin, the leading cryptocurrency, also saw a 3% decrease despite positive ETF inflows. The market downturn coincided with the start of a major Bitcoin conference in Nashville, Tennessee. Schiff noted that gold was not spared from the market turmoil, falling by nearly 2%. He suggested that the markets are currently anticipating a