Bitcoin’s price drop is seen as a temporary setback by crypto advocates, with prices rising 3% to $71,000 after a recent drop near $60,000. Brian Armstrong of Coinbase acknowledges the volatility but remains bullish on crypto’s long-term prospects. Bitcoin’s recent 9% loss has led to criticism from skeptics like Peter Schiff, who predicts its eventual worthlessness. Altcoins like Monero and World Liberty Financial have also seen significant declines. Despite the recent market turmoil, Bitcoin remains up 3.5% in the past 24 hours, trading at $71,314, while Ethereum is up 4.2% at $2,127.

Read more at Yahoo Finance: Crypto advocates call for calm after Bitcoin’s ‘volatile’ week ends in modest gains