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.
Bitcoin fell to as low as $81,749.83, breaking below a key support level of $82,776.30, amid a 2.67% drop in 24 hours. This decline coincides with Bitcoin ETFs losing $484.9 million on October 7, their worst day since June, and significant liquidatio...
On 8 October 2026, the crypto market plunged with Bitcoin dropping 2.9% to $80,986, and altcoins like Ethereum and XRP falling even harder. The crash was driven by three main factors: the Federal Reserve signaling potential further rate hikes, a rapi...
Galaxy Research identified 100 bitcoins mined in July 2010 that remained untouched for over 16 years before moving on Oct 7, 2026. These coins, originally mined when Bitcoin had almost no value, have gained approximately 108.69 million percent in val...
The U.S. government transferred 12,267 BTC worth about $1.01 billion from a Bitfinex hack seizure wallet to new, unlabeled wallets, with no signs of sale as no exchange deposits were made. This move appears to be wallet reshuffling rather than sellin...
The US Federal Reserve's September meeting minutes revealed most members support a further interest rate increase by year-end, despite mixed market expectations. Bitcoin's price hovered around $82,439, reflecting cautious market reactions rather than...
