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Renowned economist Peter Schiff underlined Bitcoin’s (CRYPTO: BTC) decoupling from risky assets as the leading currency recorded a sharp decline while stocks surged. What Happened: Schiff took to X on Thursday to comment on the sudden collapse of Bitcoin, which fell over 5% in a short period. The drop coincided with a stock market rally that saw the S&P 500 closing 1.61% higher at 5,543.22 and the tech-heavy Nasdaq Composite surging 2.34% to end at 17,594.50. Schiff contrasted Bitcoin’s fall with that of gold, which recovered from a morning pullback to record gains. He noted that gold’s gains …

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