Mike McGlone, senior commodity strategist at Bloomberg Intelligence, warned that Bitcoin's price might fall significantly to $10,000 if the S&P 500 index drops by 20%. He cited the resistance at $80,000 for Bitcoin, expected Federal Reserve interest rate hikes, and the overvaluation of stocks as key factors that could trigger this decline. McGlone described Bitcoin as highly volatile and closely correlated with the stock market, making it vulnerable to a broad market downturn. This suggests Bitcoin could act as a leading indicator for risk assets, signaling potential wider market weakness ahead.
On October 19, Boomer (BOOMER) led cryptocurrency search interest, rising 21.12% to $0.0229 despite ranking 766th by market capitalization at about $23 million. Osmosis (OSMO) followed with the largest 24-hour gain of 30.46%, while Quantus (QTC) rank...
Bitcoin's price fell just below 82,000 USDT on Monday, reaching 81,987.5 USDT, yet it maintained a positive 0.65% gain over the past 24 hours. This indicates that despite the drop below the 82,000 USDT threshold, Bitcoin's value is still higher than ...
XRP's market value fell by $6.52 billion, or 7.33%, between October 12 and October 19, dropping from $88.95 billion to $82.43 billion. This decline was steeper than Bitcoin's 1.99% and Ether's 4.99% losses over the same period. The decrease reflects ...
A large investor, or whale, holds $140.88 million in long positions on the Hyperliquid trading platform, with about 73% of the value in Bitcoin (1,236 BTC worth approximately $102.2 million) and the remainder in Ether (15,928 ETH worth about $38.67 m...
Bitcoin briefly surged above $83,000 on October 19, easing fears of a major market crash linked to the 'Black Monday' anniversary. However, the rally lost momentum, with prices settling below $82,000 and a market cap around $1.64 trillion. Despite th...
