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Bloomberg warns Bitcoin could drop to $10,000 amid fading hype and macro pressures.

Market News
16 Aug 2026
UToday
View Source
Bearish
Bloomberg warns Bitcoin could drop to $10,000 amid fading hype and macro pressures.

Bloomberg Intelligence strategist Mike McGlone updated his Bitcoin outlook, warning that the cryptocurrency risks a significant price correction down to around $10,000. Despite stock markets hitting record highs, Bitcoin has struggled to maintain gains above $69,000, signaling a deflating speculative bubble. McGlone attributes past rallies to temporary artificial stimuli like cheap liquidity and regulatory optimism, both of which have now faded. With ETF inflows drying up and macroeconomic forces turning, Bitcoin's price may revert to its historical average from 2019-2020, pressured further by an oversupply of alternative tokens in the market.

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Selkirk Copper files updated mineral resource report for Minto Project in Yukon, confirming previous estimates.

Selkirk Copper files updated mineral resource report for Minto Project in Yukon, confirming previous estimates.

Selkirk Copper Mines Inc. has filed an independent technical report updating the mineral resource estimate for its 100%-owned Minto Project in Yukon, Canada. The report, effective June 10, 2026, confirms no material changes from prior disclosed resul...

Market News
Neutral
4 hours ago
lululemon Q2 revenue drops 3.2%, leggings sales fall 20%, guidance cut, shares downgraded to hold

lululemon Q2 revenue drops 3.2%, leggings sales fall 20%, guidance cut, shares downgraded to hold

lululemon reported weak Q2 results with revenue down 3.2% year-over-year and core product sales, especially leggings, declining by 20%. The company's operational performance was temporarily supported by one-time tariff refunds, but underlying margins...

Company Fundamentals
Bearish
4 hours ago
Trading on Hyperliquid in Germany is legal for individuals but lacks EU regulatory protections.

Trading on Hyperliquid in Germany is legal for individuals but lacks EU regulatory protections.

In Germany, private individuals can legally trade on Hyperliquid, a platform mainly offering perpetual futures, without committing an offense. However, Hyperliquid is not authorized under the EU's MiCA regulation because it deals in derivatives class...

Market News
Neutral
4 hours ago
Golden Sky Minerals finds strong copper soil anomalies linked to intrusive rocks at Rayfield-Gjoll project.

Golden Sky Minerals finds strong copper soil anomalies linked to intrusive rocks at Rayfield-Gjoll project.

Golden Sky Minerals reported strong copper-in-soil anomalies at its Rayfield-Gjoll Project in British Columbia, closely associated with intrusive rocks like diorite and monzonite. These findings support a porphyry copper-gold exploration model and hi...

Market News
Bullish
4 hours ago
Low side effects and improved treatment experience reported for RYBREVANT FASPRO plus LAZCLUZE in advanced lung cancer

Low side effects and improved treatment experience reported for RYBREVANT FASPRO plus LAZCLUZE in advanced lung cancer

Johnson & Johnson announced positive Phase 2b COPERNICUS study results showing low rates of rash, blood clots, and administration-related reactions with subcutaneous RYBREVANT FASPRO plus LAZCLUZE in treating advanced non-small cell lung cancer with ...

Market News
Bullish
4 hours ago
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