According to Odaily Planet Daily, economist and cryptocurrency critic Peter Schiff wrote on the X platform: "The bloodbath in the cryptocurrency market continues, with Bitcoin prices falling below $110,000 and Ethereum prices falling below $3,700. If Ethereum further falls below the key support level of $3,350, its price is likely to fall to $1,500, a drop of nearly 70% from its historical high. If this happens, the price of Bitcoin may fall to approximately $75,000, a 40% drop from its peak, and all of the Strategy's paper gains will be wiped out."