Mike Macglone News

27.01 / 22:33

markets Federal Reserve Interest rates Bitcoin Bitcoin ‘gives back gains’ after Fed comments ‘add downside risks’ to crypto markets

Bitcoin (BTC) price continues to flash mixed signals, raising uncertainty among investors and negatively impacting asset prices across the market.

26.01 / 21:27

Ethereum XRP Cardano Bitcoin Price analysis 1/26: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

Bitcoin (BTC) and most major altcoins have bounced off their strong support levels but could the rally sustain to the extent that traders feel confident that a bottom in place?

26.01 / 12:11

markets Bitcoin Bitcoin Price analyst Bitcoin pundits split over BTC floor as Bloomberg analyst eyes bounce

Bitcoin (BTC) could still fall under $30,000 but some prominent sources are already calling the end of the latest bearish turn on BTC/USD.

25.01 / 15:17

markets Ethereum Bitcoin Bitcoin Price Fed rate hike Bitcoin holds onto 10% gains ahead of crucial Fed rate hike comments

Bitcoin (BTC) held onto fresh upside on Tuesday after a resurgent stock market took the largest cryptocurrency above $37,500.

25.01 / 12:51

business Adoption Bitcoin McDonald's jumps on Bitcoin memewagon, Crypto Twitter responds

Prominent crypto entrepreneurs and supporters, who shared memes on Twitter about doing odd jobs amid an ongoing market crash, were joined by global fast-food giant McDonald's — the brand infamously linked with temporary Bitcoin (BTC) market crashes.

23.01 / 08:35

Blockchain Bitcoin Bitcoin Price network Time Bitcoin records all-time high network difficulty amid price fluctuations

The Bitcoin network difficulty is determined by the overall computational power, which co-relates to the difficulty in confirming transactions and mining BTC. As evidenced by the blockchain.com data, the network difficulty saw a downfall between May and July 2021 due to various reasons including a blanket ban on crypto mining from China.

19.01 / 19:06

Ethereum ETF Tether Bitcoin analyst Bitcoin’s transition to a risk-off asset will propel it to $100K in 2022, says Bloomberg analyst

Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset.

19.01 / 16:26

markets Ethereum Bitcoin Bitcoin Price Bitcoin bounces at $41K as optimism increases over stocks correlation

Bitcoin (BTC) rebounded strongly from $41,000 during Jan. 20 as bears hoping for a step into lower territory stayed disappointed.

19.01 / 13:03

markets stocks Federal Reserve Bitcoin analyst Bitcoin will emerge stronger after stocks dip ‘10%–20%’ — Bloomberg analyst

Bitcoin (BTC) will soon no longer be a risk asset, and investors should brace for a fresh price correction, says one of Bloomberg’s best-known analysts.

11.01 / 07:59

cryptocurrency Digital Bitcoin Time Bitcoin Slumps More Than 40% From November's All-Time High Of $69,000

Bitcoin bounced off the lows of the day after falling as much as 6% to $39,774 in New York trading.

10.01 / 00:31

markets Bitcoin Bitcoin Price week Top 5 cryptocurrencies to watch this week: BTC, LINK, ICP, LEO, ONE

Bitcoin (BTC) and most major altcoins remain under pressure as supports give way and bears sell at each rally attempt. This negative sentiment pulled the Crypto Fear & Greed Index to 10/100 on Jan. 8, one of its lowest readings ever. In comparison, 2021 had started on a bullish note with the reading hitting levels of 93/100, indicating “extreme greed.”

07.01 / 18:17

Ethereum Adoption Bloomberg Bitcoin Bitcoin and Ether heading $100K and $5K in 2022: Bloomberg Intelligence

Despite cryptocurrency markets dropping to multi-month lows, major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are likely to hit new all-time highs in 2022, according to a Bloomberg analyst.

07.01 / 17:13

Ethereum Europe Bitcoin Drop Bitcoin, Ethereum Could Benefit If Stocks Drop After Fed Tightening – Strategist

Contrary to popular belief, the two largest cryptocurrencies bitcoin (BTC) and ethereum (ETH) could benefit from a tightening of monetary policy from the US Federal Reserve (Fed), Mike McGlone has argued in a new note.

06.01 / 21:05

Bloomberg Federal Reserve Bitcoin analyst Bitcoin could outperform stocks in 2022 amid Fed tightening — Bloomberg analyst

The Federal Reserve’s signaling for tighter monetary policy in 2022 could provide short-term headwinds for risk assets such as stocks and cryptocurrency, but there’s a good chance that Bitcoin (BTC) still comes out on top as investors recognize its value as a digital reserve asset, according to Bloomberg commodity strategist Mike McGlone.

05.01 / 14:55

Adoption goldman sachs Gold Bitcoin Bitcoin Could Reach USD 100K in Five Years If It Takes on Gold – Goldman Sachs

A bitcoin (BTC) price of USD 100,000 could become a reality if the cryptocurrency continues taking market share as a store-of-value asset from gold, according to a note from Goldman Sachs. Meanwhile, Bloomberg analyst Mike McGlone argues that 2022 could be the year gold shines again.

13.12 / 05:24

Ethereum BTC Digital Bitcoin analyst Analyst: ‘Deflationary forces’ present an optimistic outlook for BTC, ETH in 2022

Consider the hypothesis: deflation could swap inflation next year. Well, if that’s the case, cryptocurrency can prevail over other asset classes. This is the hypothesis based on which Bloomberg Intelligence analyst Mike McGlone is bullish on the outlook for Bitcoin and Ethereum in 2022. He says “deflationary forces” will take the crypto assets to new heights.

03.11 / 19:31

Adoption Investments Bloomberg Bitcoin Money managers with zero crypto exposure risk being left behind — Bloomberg strategist

The career risk surrounding cryptocurrency is shifting to money managers who don’t have exposure to digital assets as opposed to those who are already invested, highlighting a dramatic shift in institutional acceptance of Bitcoin (BTC) and decentralized finance, according to Bloomberg’s senior commodity strategist Mike McGlone.

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