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Mike McGlone is dusting off one of his old calls — the kind that made headlines in 2018 — and applying it to today’s overheated crypto market. McGlone Sees a Deeper Pullback Forming The Bloomberg strategist Mike McGlone says his earlier prediction that bitcoin would “drop a zero” when it traded near $10,000 was only … Read more
Another day, another sideways shuffle in the bitcoin ballroom. Prices are stuck doing the cha-cha between resistance and support zones while technical signals wave a cautious yellow flag from every timeframe. Bitcoin Chart Outlook From the daily chart, it’s hard to miss the dramatic descent from the glittering heights of $116,000. The drop has been … Read more
Bitcoin’s sharp downturn is resetting overstretched leverage, clearing the way for stronger structural momentum as markets shake out excess risk and position for renewed confidence amid enduring digital-asset resilience and optimism across AI and tech. Crypto Shakeout Resets Market Dynamics A sweeping shakeout in leveraged crypto positions is pressuring global risk sentiment as liquidations cascade … Read more
Bitcoin and ether exchange-traded funds (ETFs) logged another day of sizable outflows, deepening their multi-day losing streaks. Solana ETFs, however, continued to defy the downturn with another day of modest but steady inflows. BTC and ETH ETFs See Heavy Outflows of $255 Million and $183 Million Each Some days in the crypto market feel like … Read more
One longtime analyst thinks a bitcoin breakout is waiting in the wings, even after the cryptocurrency plunged to $89K on Tuesday morning. Standard Chartered Predicts Year-End Bitcoin Rally Most analysts didn’t have an $89K bitcoin price on their bingo cards, but that’s exactly what happened at around 2 a.m. on Tuesday. Yet Standard Chartered’s head … Read more
It’s been a choppy week across crypto assets, with bitcoin sliding more than 13% over the past 30 days. This downswing delivered the first October in six years to close in the red, and November has already notched double-digit declines. Adding to the timing, the slump arrives just as McDonald’s brings back the infamous McRib … Read more
There’s no sugarcoating it— bitcoin is clinging to the cliff’s edge at $91,200, balancing between a crucial support at $89,000 and a failed launch pad near $95,000. With a 24-hour price rollercoaster stretching from $89,189 to $95,418 and a staggering $122.74 billion in trading volume, the crypto king is drawing a crowd, but not exactly … Read more
On the morning of Nov. 18, the altcoin market experienced a steep decline, with the total market capitalization briefly falling to $1.28 trillion, following bitcoin’s plunge below $90,000. AI Bubble Fears Fuel Bearish Sentiment On early Nov. 18, just hours after bitcoin ( BTC) plunged below $90,000 for the first time since April 22, the … Read more
The crypto market cap plunged to $3.15 trillion on Nov. 17, driven by a global market rout intensified by fears of an AI bubble burst, a concern echoed by Alphabet CEO Sundar Pichai. Economist Tracy Shuchart argued the decline was inevitable due to the collapse of BTC’s recent macro narrative. Bitcoin’s Correction and Liquidation Cascade … Read more
Bitcoin continued its downtrend on Monday night, falling under $90K for the first time in seven months as a bearish sentiment gets hold of the crypto market. Even with the recent downturn and the tailwinds the industry is facing, bulls keep being positive. Bitcoin Falls Under $90K as Markets Get Into Panic Mode Bitcoin has … Read more