Bloomberg senior commodity strategist Mike McGlone has reiterated his ultra-bearish Bitcoin price forecast, claiming a plunge to $10,000 is a simple reversion to the mean. McGlone argues that Bitcoin has been riding the coattails of the U.S. stock markets record-breaking rally and lacks the stability often associated with safe-haven assets. Despite Bitcoin reaching an all-time […]
Tag: ETF
By coinspy The SEC has approved options trading for BlackRock, Fidelity, and Bitwise spot ETH ETFs. The approval could attract more ETH investments and potentially lead to new ETF launches. Staking on ETH ETFs might be approved as early as May or August, despite the October deadline. The lack of staking approval has been cited […]
By Marco Piccolo Bitcoin just broke below $75,000, shedding more than 10% in a matter of days. It’s been one of the worst starts to Q1 since 2018. With headlines flashing red, bulls wondering where the bounce is, and bears smelling blood — it’s time to ask the hard question: Is the bull run over? […]