2023-2-16 12:42 |
Bloomberg's Mike McGlone explains what may be beneficial for current crypto market
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Bloomberg analysts don’t seem to agree with the crypto community on Bitcoin’s current conditions. At the same time, everyone else has decided that BTC has sunk deep into a steadfast bear market and hopes for the return of the bulls; a recent Bloomberg report suggested that the firstborn crypto is still in a bull market. […]
2022-9-8 18:28 | |
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Bloomberg intelligence analyst, Mike McGlone, believes that the world is not worried about the USD losing its current status; it is Bitcoin the market wants right now
2021-2-22 17:14 | |
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Bitcoin approaches the $1 trillion market cap as the market value of BTC is growing, head of Binance opines to Bloomberg why it is happening
2021-2-19 14:49 | |
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Thailand’s Finance Minister Arkhom Termpittayapaisith has expressed concerns over the exponential growth in cryptocurrency trading activities in the country. Crypto Speculation Could Hurt Thailand’s Capital Markets According to Bloomberg, Termpittayapaisith speaking at a capital market conference on Thursday (Feb.
2021-2-12 16:00 | |
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An enormous inflow from gold to Bitcoin has been cited in the market. Bloomberg’s Mike McGlone, the Senior Commodity Strategist bared this out in a newly published analysis. In it, he says Bitcoin is in its “price discovery stage.
2021-2-5 22:28 | |
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As the market opened on Feb. 1, 2021, precious metal futures jumped 10%, almost breaching $30 per ounce. So who is behind silver’s sudden and meteoric price rise? Will other stocks, commodities, or even cryptocurrencies see similar price booms? Multiple news outlets, including Bloomberg, have associated silver’s meteoric rise with so-called anti-establishment redditors.
2021-2-4 19:40 | |
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Cryptocurrency firms are lining themselves up for public listings amid the market’s bullish atmosphere. According to Bloomberg, as many as eight firms are eyeing IPOs in the near future. These companies are attempting to seize the fervent sentiment to expand — reminiscent of the ICO boom that occurred in 2017.
2021-1-25 13:48 | |
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A Fundstrat Global Advisors LLC strategist, David Grider, predicts the Ethereum price to reach $10,500. This is a day after the second most valuable digital asset rose to all-time highs above $1. 4k, Bloomberg reported on Jan 20.
2021-1-21 12:00 | |
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Both Bitcoin and gold will go higher, said billionaire Mike Novogratz, the chief executive officer at Galaxy Investment. Amidst the ongoing inflation expectations and other uncertainties in this market, “both gold and Bitcoin are going a lot higher, but gold could easily go up 30% this year,” said Novogratz in his interview with Bloomberg.
2021-1-7 20:34 | |
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With the increased institutional adoption of Bitcoin due to worldwide economic and social factors, the leading cryptocurrency can no longer be ignored. According to JPMorgan analysts via Bloomberg, gold may continue to lose market share: “Bitcoin may have the potential for substantial further gains over the long term as it competes with gold for investment … Continued The post JPMorgan Analysts Call for $146,000 Long-Term Bitcoin Price Target appeared first on BeInCrypto.
2021-1-6 16:36 | |
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The digital gold narrative in 2020 has begun to boil over, with Bitcoin stealing all the financial media headlines and turning the heads of boomers and hedge funds everywhere for the first time. Recent data from, Bloomberg suggested futures interest and fund flows signaled that the precious metal’s capital had begun pour into crypto.
2020-12-7 18:00 | |
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Bloomberg praises market depth and liquidity, agreeing that conditions are much better now than during Bitcoin’s 2017 bull run.
2020-11-28 17:00 | |
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Bitcoin incurred a minor pullback over the weekend after it dropped below $16,000. The BTC/USD pair has subsequently recovered and continued to push forward on Monday after bouncing back above $16,000.
2020-11-17 10:14 | |
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Bitcoin price has a clear run to an order of magnitude in gains, Mike McGlone argues as $16,000 is quickly reclaimed.
2020-11-17 17:00 | |
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Bitcoin has given a powerful buy signal that demanded the financial world begin paying closer attention to cryptocurrencies. The recent momentum has also caused the top crypto asset to “decouple” from the stock market.
2020-11-11 18:00 | |
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Bitcoin is on track of further price appreciation as it decouples from a classic positive correlation with tech stocks, according to Mike McGlone of Bloomberg Intelligence. On Wednesday, the senior commodity strategist highlighted the ongoing trend deviation between the flagship cryptocurrency and the Nasdaq 100 Stock Index — a benchmark that tracks the market performance […]
2020-11-11 17:01 | |
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Crypto custody in Asia is about to see a further expansion as Fidelity Digital Asset Services (FDAS) extends its services to the region. Fidelity Partners with Stack Funds to Offer Crypto Custody According to Bloomberg, Fidelity Digital is set to offer crypto custodial services to high-net-worth individuals and entities in Asia.
2020-10-31 22:00 | |
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US-based Fidelity Investments, a trillion-dollar fund manager with a deep interest in the cryptocurrency market, is targeting rich Asian investors by way of a new partnership with a fund in Singapore, financial publication Bloomberg reported Thursday.
2020-10-30 15:10 | |
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The world of trading has experienced a crazy year after the Coronavirus pandemic. For the most part, it seemed that Bitcoin and the entire cryptocurrency market were following the steps of the stock market.
2020-10-26 22:34 | |
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The news comes a day after the payments giant confirmed it's entering the cryptocurrency market.
2020-10-23 00:35 | |
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DeFi exchange and automated market maker Uniswap has finally gained the attention of the mainstream media as Bloomberg labels it the “most sought-after crypto exchange. ” The 2020 DeFi bubble and the protocols that have made it possible are getting wider attention through the mainstream media as it expands its scope beyond just bitcoin.
2020-10-17 16:30 | |
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Tether (USDT), the world’s largest stablecoin by market cap, could reach a valuation higher than Ethereum in 2021, the latest issue of Bloomberg’s Crypto Market Outlook suggested in a report earlier this month.
2020-10-16 16:00 | |
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In their monthly crypto outlook report for October, Bloomberg researchers have concluded that before the end of 2021, Tether (USDT) will overtake Ethereum to become the second most valuable cryptocurrency by market capitalization.
2020-10-10 21:40 | |
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Bitcoin’s YTD performance of 45.95% in 2020 is impressive despite high volatility and underperformance in comparison to other digital assets like Ethereum and DeFi tokens. However, as the most dominant coin in the crypto market, Bitcoin serves as the point of reference for analysts’ evaluation of the crypto market vs. the traditional market. In a […]
2020-9-25 17:02 | |
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Coinspeaker Bitcoin Price Experiencing Strong Market Correction, Bloomberg: It Should Be Above $15,000Bloomberg expects BTC to jump over $15,000. The company based its reasonings on fundamentals like Bitcoin’s rising hash rate and also the 30-day average of active Bitcoin addresses.
2020-9-24 13:44 | |
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Bitcoin, the leading cryptocurrency by market capitalization is currently priced at $10. 7k. The asset, which saw its most recent high of $12,050 on the 1st of September 2020 has seen a drastic drop.
2020-9-15 20:52 | |
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Gold bull Dennis Gartman is moving out of gold because the market has become “too crowded. ” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775.
2020-7-31 07:30 | |
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It’s been a slow past few weeks for the Bitcoin market. The cryptocurrency has effectively been range-bound for two months, registering no concrete trend. Despite this, blockchain analytics firms have observed an increase in usage of BTC.
2020-7-3 15:00 | |
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Bitcoin is becoming more like gold in the macroeconomic sense and will continue outperforming its peers, Bloomberg said in its latest cryptocurrency report sent to subscribers. The Bloomberg Crypto Outlook July 2020 Edition reported the current low volatility in Bitcoin and how it would fare in the broader market that included gold, and stocks. The […]
2020-7-6 12:32 | |
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Bitcoin is currently far from a full-fledged bull market. Any attempt to move upward has been swiftly thwarted by the bears. The latest attempt was seen on Monday as the crypto climbed to $9,700, which was followed by a steep fluctuation.
2020-6-29 23:19 | |
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Despite the current market uncertainties some pundits point to gold and Bitcoin (BTC) as suitable hedges against future downturns. BTC remains of the best performing assets, maintaining its decoupling from mainstream stocks.
2020-6-5 21:07 | |
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According to Bloomberg analysts, the price of Bitcoin will increase this year as it has experienced the lowest relative volatility. The price appreciation is firming on a stand-alone basis compared to the broader crypto market.
2020-6-6 16:57 | |
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Hedge funds are flocking to store-of-value assets even as the stock market continues to rise. According to a report in Bloomberg, sophisticated traders are hedging their bets against rising inflation and are investing in gold.
2020-5-19 21:20 | |
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Bitcoin’s recent rally to $10,000 has renewed investor’s interest in the market, also drawing the attention of prominent traditional analysts and investors One prominent commodity strategist at Bloomberg explained that he believes BTC and gold are the two assets most-likely appreciate throughout 2020 This comes as the cryptocurrency’s technical outlook begins growing incredibly bright Bitcoin has seen some incredibly bullish price action in the time following its rebound from mid-March lows of $3,800. It’s subsequent […]
2020-5-10 22:00 | |
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Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength.
2020-5-7 20:33 | |
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Bitcoin will mature into a gold-like store of value this year, according to the latest projections by Bloomberg. The financial magazine’s report, “Bitcoin Maturation Leap,” notes that the cryptocurrency is poised for a bull run, after being temporarily dragged by the coronavirus-induced stock market tailspin.
2020-4-24 20:30 | |
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Bitcoin’s safe haven narrative fell through as large investors liquidated their holdings in search of cash and less risky assets. Cryptocurrency analytics firm Chainalysis reported that 70% of exchange activity came from institutions and high net-worth investors, per Bloomberg, March 19, 2020.
2020-3-19 14:00 | |
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The unprecedented swings in the stock market through last week left traders jittery. With a $2 trillion swing to the upside on Friday, the week was the most volatile in market history. [Bloomberg] Many pundits and traders called this the ‘bottom’ of the coronavirus scare.
2020-3-16 08:15 | |
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According to a report by Bloomberg published on February 26, 2020, San Francisco-based blockchain project Ripple Inc. Could soon face a lawsuit that, according to the firm, could topple the market for the firm’s digital token, XRP.
2020-2-28 18:00 | |
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Democratic Oval Office candidate Andrew Yang thinks the US needs to have a consistent cryptocurrency legal framework if it wants to be a market leader. He made the statement during an interview given to Bloomberg on Thursday, and added that the regulatory situation at the moment is confusing and may bring harm to the people […]
2020-1-31 20:57 | |
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According to a Bloomberg report from Monday, it’s very likely the price of Bitcoin (BTC) will increase in 2020, as a result of a weak US dollar and global uncertainties. The predictions say BTC can reach its 2019’s top range of $14,000 if the geopolitical situation is still tensioned and the stock market continues to […]
2020-1-12 20:57 | |
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While Bitcoin saw a 10% jump this week, rallying from the multi-month lows of $6,400 to surge as high as $7,300, there is still a sentiment in the cryptocurrency market that a return to the $6,000s, then a drop to the $5,000s is entirely feasible.
2019-12-21 14:51 | |
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Bitcoin is still in a consolidating bull market, shows the 2020 prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Bitcoin Evaded the Worst Scenario of Fast Slide, So Far The behavior of BTC has been erratic in the last months of 2019, leading to even more erratic predictions for the next year.
2019-12-20 14:00 | |
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No, the Bitcoin price is not going to magically go through the roof on May 14, 2020, according to Bloomberg
2019-12-18 18:57 | |
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A recent report from Bloomberg indicates that institutional funds’ interest in the crypto space is dwindling. Since the market crash in early 2018, pundits have claimed that such organizations were only months away from entering the ranks.
2019-12-6 00:00 | |
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It would be hard to avoid President Donald Trump tweeting about the economy and the stock market – there is even a Bloomberg counter to follow these tweets (here). Yet, for all the boasting on the stock market’s current bull run, there is a potential, Bitcoin-esque, stomach-twisting drop coming.
2019-12-6 22:23 | |
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If you’ve perused Bitcoin and Silicon Valley Twitter at all over the past few years, you’ve likely heard the word “unicorn” thrown about. Heck, if you’ve read Bloomberg or watched any number of CNBC’s segments over the past decade, you’ve heard the word.
2019-12-4 15:00 | |
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During the Future of Digital Assets briefing at London, a group of market leaders in wealth management and fintech sat down with Bloomberg's Alastair Marsh to discuss the importance and necessity of Bitcoin in the context of ongoing trade wars, geopolitical uncertainty, and Brexit.
2019-11-21 20:54 | |
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