Bitcoin has underperformed U.S. stocks for nearly five years, showing greater volatility and increasing sensitivity to stock market movements, according to Senior Commodity Strategist Mike McGlone. This year, Bitcoin is down about 4%, while the S&P 500 has gained roughly 3%. McGlone describes Bitcoin as becoming a "stock-market puppet" due to its stronger ties with equities and higher volatility. He also maintains his forecast that Bitcoin could fall to $10,000, reflecting ongoing challenges in the broader cryptocurrency market, which he describes as being in a "purge."
Bitcoin's ongoing volatility and downside risk are noted alongside Pluang's snapshot of major cryptocurrencies, where 37 out of 50 rose today. For readers following crypto markets, here is Pluang's market snapshot as of Oct 12, 2026 17:41 WIB: LINK rose 3.78% to Rp238.909 with 97% buy orders, SNX fell 100% sell at Rp4.466, and SUSHI gained 3.54% to Rp4.338 with 70% buy orders.
MediciNova announced positive signals from its Phase 2 trial of MN-001 (tipelukast) for nonalcoholic fatty liver disease and hypertriglyceridemia in type 2 diabetes, showing significant improvements in HDL cholesterol and early triglyceride reduction...
WasabiCard hosted the Funds Flow event during TOKEN2049 Week in Singapore, gathering industry leaders to discuss stablecoins and tokenized assets moving closer to practical financial use. The event emphasized that stablecoins are transforming the set...
Flyte Aviation announced record preliminary third quarter 2026 revenue of approximately $2.15 million, a 110% increase from the previous quarter. The growth was driven by a 150% rise in the aviation segment and a surge in users on its redesigned digi...
Since September 2025, Bloom Energy's stock price has experienced five separate declines of 20% or more. Despite these sharp drops, the stock has shown resilience by recovering from four of these declines within a few weeks. This pattern highlights th...
The global hot water boilers market is projected to grow from $31.5 billion in 2026 to $51.31 billion by 2036, at a 5% CAGR. Growth is fueled by demand for energy-efficient heating, modernization of infrastructure, and integration of smart controls. ...
