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 surged to nearly $82,000 following a stronger-than-expected 3.4% US GDP growth report for Q3, reversing earlier losses from the Federal Reserve's decision to keep interest rates steady. The rally was also influenced by a sharp decline in AI s...
Long-term Bitcoin holders own about 4 million BTC purchased mostly in 2025 at prices between $85,000 and $118,000, currently sitting at a loss with Bitcoin trading around $81,600. This price level near $85,000 has repeatedly resisted Bitcoin's rally ...
Bitcoin's price is holding near a key support level of $79,500 amid a broader market downturn triggered by higher-than-expected Personal Consumption Expenditure (PCE) data. Stock futures and precious metals like gold and silver are falling, pressurin...
Bitcoin (BTC) traded above $81,000 on Binance, reaching $81,291 at 11:05 a.m. ET on October 29. This marks a notable increase from $80,819 just 15 minutes earlier, reflecting a 1.12% gain over the past hour. Bitcoin remains the cryptocurrency with th...
Bitwise has increased its long-term Bitcoin price target to $1.6 million by 2036, citing stronger confidence in BTC as a global store of value. Despite this bullish outlook, Bitcoin currently trades near its 50-day moving average with momentum weaken...
