Bitcoin is losing its status as independent 'digital gold' and is now closely tracking the U.S. stock market, particularly the S&P 500. This growing correlation raises concerns that Bitcoin could face a sharp decline if U.S. equities correct, especially with the Federal Reserve expected to continue raising interest rates. Analyst Mike McGlone warns that Bitcoin could drop to around $10,000, a significant fall from its current price near $77,300, due to its increased sensitivity to broader market risks and tightening monetary policy. This shift means Bitcoin behaves more like a high-risk stock than a stable asset, exposing investors to greater volatility and potential losses.
On October 20, Worldcoin (WLD) surged 13.87%, leading gains among major cryptocurrencies as 69 out of 90 non-stablecoin assets increased in value. Pepe (PEPE) followed with a 12.20% rise, while other notable gainers included Pyth Network, Aerodrome F...
Blockstream CEO Adam Back highlighted Bitcoin's 200-week moving average crossing $65,000, a level historically linked to price increases after bear markets. He noted that major banks recommend Bitcoin allocations between 2% and 4%, with some suggesti...
Between October 10 and 16, 2026, XRP experienced the largest decline among six major cryptocurrencies, falling 6.06%. Other cryptocurrencies also dropped: Bitcoin fell 1.25%, Ether 2.60%, BNB 2.83%, Solana 4.35%, and Dogecoin 5.22%. Despite these los...
Eleven major cryptocurrency transfers totaling $1.16 billion occurred over three hours on October 20. Significant Bitcoin transfers included 2,111 BTC worth $175.3 million sent to Coinbase Institutional, alongside four other transfers totaling $470.3...
A single short position worth $11.96 million in Bitcoin was liquidated on Binance's BTC perpetual futures market at a price of $83,276 on October 20. This liquidation means the trader's bet on Bitcoin's price falling was forcibly closed as the price ...
