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Bitcoin may drop to $10,000 amid stock market ties and rising bond yields, says strategist.

Market News
17 Oct 2026
Zycrypto
View Source
Bearish
Bitcoin may drop to $10,000 amid stock market ties and rising bond yields, says strategist.

Commodity strategist Mike McGlone predicts Bitcoin could fall to $10,000 due to its strong correlation with US equities and vulnerability to stock market downturns. He argues Bitcoin has failed to show resilience and is influenced by broader financial market trends, including rising US bond yields which may make fixed-income assets more attractive. However, some analysts see signs of stabilizing selling pressure and improving conditions for a potential bottom, though risks remain from high bond yields and profit-taking. Bitcoin currently trades around $81,543, reflecting ongoing market uncertainty.

Bitcoin trades at Rp1.459.864.990 on Pluang as of Oct 18, 2026 04:01 WIB, showing a slight 0.27% decline in one day. The platform reports a market cap of Rp29.554,21T and a 24-hour trading volume of Rp210,76T. Sell orders slightly outweigh buys at 51% to 49%, with typical holding time at 111 days, indicating cautious investor behavior amid market uncertainty.

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