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.
Bitcoin is trading around $76,808, about $4,900 below the $81,700 level needed to confirm a new bull market according to CryptoQuant. Large Bitcoin holders (whales) have been selling into the recent two-week rally, while retail investors bought on le...
Crypto analyst Dark Defender projects that XRP could significantly outperform Ethereum, with the XRP/ETH ratio potentially rising about 306% from its current level. This forecast is based on an Elliott Wave technical pattern targeting a fifth-wave ex...
Bitcoin's 200-week moving average, a key long-term support indicator, has surpassed $65,000 for the first time, marking a historic milestone. This moving average reflects Bitcoin's price trend over four years and has traditionally acted as a strong p...
Bitcoin is trading around $76,718 after a slight 0.8% drop, remaining within a tight range between $76,000 and $80,000. Analysts highlight the importance of a weekly close above $78,300 to prevent a repeat of a bearish price pattern seen in May 2026....
Bloomberg strategist Mike McGlone warns that Bitcoin's strong correlation with the S&P 500 and expected Federal Reserve interest rate hikes could trigger a significant sell-off. Bitcoin has lost its status as a 'digital gold' safe haven, behaving mor...
