After rallying as high as $10,000, Bitcoin fell off a cliff on Saturday. In the day prior to and in the hours after the closing of Saturday’s candle, the BTC price plummeted from $10,100 to a low of $8,100 — a drop of 20%.

It was a move that liquidated over $1 billion worth of leveraged positions on futures exchanges, and one that enticed Bitcoin bears to gloat. As crypto analyst Joseph Young jokingly put it, “the worst part of the dump isn’t the dump [itself], it’s Peter Schiff’s tweets afterward.”

https://bitcoinist.com/dr-doom-and-peter-schiff-lambast-bitcoin-after-it-drops-2000-in-2-days/