Bloomberg Intelligence strategist Mike McGlone said that market expectations of three Federal Reserve rate hikes are creating a headwind for Bitcoin, gold, and copper. He warned that Bitcoin could drop to $10,000, linking this potential decline to a sustained 20% drop in the S&P 500. This outlook highlights the sensitivity of these assets to interest rate changes and suggests caution for investors as the Fed's monetary policy evolves.
The discussion about Federal Reserve rate hikes influencing Bitcoin's price is timely as Bitcoin trades at Rp1.460.134.064 on Pluang as of Oct 24, 2026 11:01 WIB. The platform shows a 1-day change of -1.08% for Bitcoin, with a market cap of Rp29.417,86 trillion and a 24-hour trading volume of Rp390,82 trillion. Investor activity leans towards buying at 64%, with typical hold times around 112 days, indicating ongoing interest despite the rate hike concerns.
James Wynn opened a 40x leveraged short position of 0.4947 Bitcoin on the Hyperliquid platform on October 23, with the position valued at approximately $40,500. The liquidation price for this trade was set at $82,671.48. This move comes 49 days after...
Bitcoin traded slightly up at $81,684 while the overall crypto market capitalization dropped 2.62% to $2.76 trillion. Bitcoin makes up 59.4% of the market, with Ether at 10.6%. Among major cryptocurrencies, BNB saw the largest gain, rising 1.87%, whi...
On October 23, Ether was the only major cryptocurrency among five tracked to have a negative perpetual-futures funding rate, meaning short sellers pay long holders. Its rate was -0.0002% every eight hours, or -0.3% annualized. In contrast, XRP had th...
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, warned that several assets including Bitcoin, U.S. natural gas, gold, silver, and various metals could follow a pattern of rising and then retreating in 2026. He emphasized that t...
Crypto commentator Austin Hilton highlighted that limited liquidity and ongoing economic uncertainty are preventing crypto markets from sustaining a strong rally. While positive factors like Bitcoin strength, improved social sentiment, and clearer U....
