Bitcoin ETF

Bitcoin

Momentum

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Peter Schiff, one of the most notorious Bitcoin critics, recently&nbsp;<a href="https://x.com/PeterSchiff/status/1830260464422736298">took</a> to the X social media network to highlight the underwhelming performance of the leading cryptocurrency.&nbsp;
Schiff pointed to the fact that all of the gains recorded by the leading cryptocurrency had been recorded during the first two months of the year.&nbsp;
The leading cryptocurrency is now down more than 8% since late February. Meanwhile, the price of gold is up as much as 23% over the same period of time.&nbsp;
"The momentum has turned," Schiff added.&nbsp;
Despite swiftly recovering from the devastating crash that took place in early August, Bitcoin still ended up being down 8.74% for the month in a major blow fo the bulls.&nbsp;
It is worth noting that September tends to be the least successful month for the largest cryptocurrency. During its history, Bitcoin would end up in the green only a few times.&nbsp;
In 2019, Bitcoin collapsed by as much as 13.91% in September. In 2014, it plunged by 19.31%.&nbsp;
However, this month might end up being different since the U.S. Federal Reserve is widely expected to finally cut interest rates.&nbsp;
<h2 id="bitcoin-etfs-see-more-outflows">Bitcoin ETFs see more outflows&nbsp;</h2>
Bitcoin exchange-traded funds managed to revive interest in Bitcoin, eventually pushing the price of the leading cryptocurrency by market capitalization to its current peak in March.&nbsp;
However, as of recently, Bitcoin ETF hit a snap with underwhelming numbers. Last week, these products saw a total of $277 million worth of outflows.&nbsp;
BlackRock's record-shattering IBIT also&nbsp;<a href="https://u.today/blackrocks-bitcoin-etf-in-red-for-the-first-time-since-may">saw</a> its second day of outflows in history last week.&nbsp;

Peter Schiff Issues Warning About Bitcoin's Waning Momentum

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