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Bitcoin Hits $71,000: Schiff Warns of 'Head Fake' as Tether CEO Sees Green

U.Today|Tomiwabold Olajide|March 4, 2026 at 02:38 PM|1 views

🤖AI Summary

Bitcoin reached $71,928, marking its highest price in nearly a month. The price surge has drawn mixed reactions from market commentators, with Peter Schiff warning of a potential 'head fake' while Tether's CEO expresses optimism.

Key Takeaways

→Bitcoin hit $71,928, representing its highest value in almost a month.
→Peter Schiff cautioned that the price surge could be a 'head fake' or false signal.
→Tether CEO Paolo Ardoino expressed bullish sentiment about the price movement.
→The price level represents a significant recovery from recent lows.
→Market sentiment remains divided between skeptics and optimists.

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