Bloomberg strategist Mike McGlone warns that Bitcoin's strong correlation with the S&P 500 and expected Federal Reserve interest rate hikes could trigger a significant sell-off. Bitcoin has lost its status as a 'digital gold' safe haven, behaving more like a stock with high volatility. Key resistance at $76,746 and potential Fed tightening are pressuring Bitcoin, which could fall to around $10,000 if the stock market corrects by 20%. Bitcoin's recovery depends on proving independence from stock market trends, but current macroeconomic signals are negative.
Bitcoin's price dropped below $82,000 as US Consumer Price Index (CPI) inflation rose, influenced by surging oil prices. Higher oil costs are pushing inflation up, which can affect investor sentiment and market dynamics, including cryptocurrencies li...
Huobi HTX released its October 2026 proof-of-reserves update showing that eight major assets have reserve ratios exceeding 100%, indicating the exchange holds more assets than customer liabilities. Bitcoin is at 104%, Ether at 102%, and other assets ...
Bitcoin dropped below $81,000 on October 15, losing over 3% in 24 hours due to hotter-than-expected U.S. inflation data and falling Asian stocks. Around $483 million in Bitcoin and Ethereum futures were liquidated, with Ethereum liquidations surpassi...
Solana (SOL) topped a 30-day analyst consensus index among five major cryptocurrencies, reaching a bullish sentiment score of +72 as of October 14, with 91% of analysts positive. Bitcoin's sentiment index rose from negative to +49.2, reflecting growi...
Ethereum's price dropped 5.41% to $2,380, breaking below the key $2,400 level during a broad cryptocurrency market decline where 17 of the top 20 coins fell. The total crypto market lost 5.69% in 24 hours, with Bitcoin down 2.7% and Ethereum losing t...
