Bloomberg Intelligence strategist Mike McGlone warns that Bitcoin may collapse by 80% to around $10,000 if the US stock market, specifically the S&P 500, falls by 20%. This scenario is driven by a potential cascade effect from a major stock market decline, which would force margin position liquidations and push Bitcoin back to its historical support level. The outlook reflects broader financial shifts, including central banks' move toward monetary restraint and rising government bond yields, which make safer assets more attractive amid liquidity shortages. This bearish forecast raises concerns about the stability of other markets like metals and equities, as Bitcoin often acts as a leading indicator of risk appetite.
Bitcoin is currently priced at Rp1.455.590.933 on Pluang, showing a 1.44% decrease in the last day. As of Oct 17, 2026 01:01 WIB, the market cap stands at Rp29.526,5 trillion with a majority of users (66%) buying rather than selling.
Following the Federal Reserve's first interest rate increase in over three years—a 25 basis point hike—Bitcoin and Ether both surged by around 11.5% in the subsequent week. Despite higher rates generally increasing the appeal of dollar assets over cr...
On October 16, XRP/KRW recorded the highest 24-hour trading value on South Korea's leading crypto exchange Upbit, reaching $108.3 million. This surpassed Bitcoin/KRW at $95.3 million and Ether/KRW at $62.7 million. The data reflects rolling 24-hour t...
Bitcoin recovered to $82,295 after dropping below $80,000 for the first time in over a month, triggering significant liquidations mainly from long positions. Altcoins performed well, with Zcash surging 10.29%, Ethereum up 4.17%, and Solana rising 3.0...
Bitcoin held steady above $80,000, recovering to around $82,000 after Fed Chair Kevin Warsh declined to signal another rate hike despite a slightly higher-than-expected US inflation report. The probability of a Fed rate increase at the upcoming Octob...
After fears of a Fed rate hike in October peaked at 48.5% following US inflation data, recent neutral signals from Fed's Kevin Warsh caused the probability to fall sharply to 13%. This eased market tensions, reducing massive crypto liquidations and s...
