Tag: macroeconomic
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Bloomberg Intelligence Analyst Predicts Bitcoin Price Drop to $10,000 by 2026 Amidst Stablecoin "Flippening" and Macroeconomic Shifts
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, has presented a stark outlook for Bitcoin, forecasting a potential descent to the $10,000 mark by 2026. This projection is underpinned by his belief that significant structural shifts are occurring within the cryptocurrency market, notably driven by the ascendance of stablecoins and a confluence of macroeconomic…
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Bitcoin ETFs Experience First Net Outflows in Over a Week Amid Geopolitical Tensions and Macroeconomic Concerns.
U.S.-listed spot Bitcoin Exchange-Traded Funds (ETFs) concluded a notable seven-session streak of net inflows on Thursday, July 25, 2024, recording their first day of net outflows since July 13. The aggregate outflow of $225.2 million signaled a temporary shift in investor sentiment, coming on the heels of a period that had attracted nearly $1 billion…
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Institutional Crypto Outflows Surge to 414 Million Dollars as Macroeconomic Uncertainty and Geopolitical Tensions Weigh on Investor Sentiment
Institutional investors pulled a staggering $414 million from digital asset investment products over the course of a single week, signaling a sharp reversal in market sentiment after more than a month of consistent capital entry. According to the latest Digital Asset Fund Flows Weekly Report from CoinShares, this significant exodus represents the first net selloff…
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Bitcoin Faces Macroeconomic Headwinds as Prices Retreat to $65,500 Amid Surging Oil, Bond Yields, and Regulatory Uncertainty
Bitcoin experienced a notable downturn during early Thursday trading hours, retracting to approximately $65,500. This represented an approximate 0.7% decrease from its midnight UTC levels, signaling a broader market sensitivity to prevailing macroeconomic and geopolitical factors. The flagship cryptocurrency had previously approached the $66,700 mark during Wednesday’s session before initiating its retreat, setting a cautious…
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Bloomberg Intelligence Strategist Forecasts Potential $10,000 Bitcoin Price by 2026, Citing Stablecoin Dominance and Macroeconomic Headwinds
Bloomberg Intelligence senior commodity strategist Mike McGlone has presented a stark outlook for Bitcoin (BTC), suggesting a significant price correction could see the flagship cryptocurrency revisit levels around $10,000 by 2026. This forecast is underpinned by a belief that major structural shifts are occurring within the digital asset landscape, with stablecoins poised to play an…
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Major Cryptocurrencies Stage Robust Rebound as Bitcoin Surpasses $62,000 Amidst Significant Short Liquidations and Evolving Macroeconomic Landscape
Major cryptocurrencies are broadly in the green Thursday, signaling a robust market resurgence after a period of volatility. Bitcoin, Ethereum, XRP, and other leading digital assets have registered notable gains, with Bitcoin surpassing the critical $62,000 threshold for the first time in over a week. This bullish momentum has been accompanied by a significant surge…
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Bitcoin Under Significant Pressure as Q2 Concludes with Consecutive Losses and Record ETF Outflows Amidst Macroeconomic Headwinds
Bitcoin has experienced a notable retreat, slipping beneath the critical $60,000 threshold as June draws to a close, with the premier digital asset hovering around $59,765 on Monday. This current valuation marks an approximate 30% decline from its position at the start of the year, signaling a challenging period for the cryptocurrency market. The broader…
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Institutional Investors Liquidate $414 Million in Crypto Assets Amid Macroeconomic Uncertainty and Geopolitical Tension
Digital asset investment products experienced a sharp reversal in sentiment during the most recent trading week, recording a total net outflow of $414 million. According to the latest "Digital Asset Fund Flows" report from CoinShares, this movement represents the first significant selloff in five weeks, effectively snapping a month-long streak of positive momentum. The sudden…
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Bloomberg Intelligence Analyst Foresees Potential $10,000 Bitcoin by 2026 Amidst Stablecoin Dominance and Macroeconomic Shifts
Bloomberg Intelligence senior commodity strategist Mike McGlone has articulated a stark outlook for Bitcoin (BTC), suggesting a potential descent to $10,000 by 2026. This projection is underpinned by a confluence of factors, including a significant "flippening" event anticipated to be spearheaded by stablecoins, and a broader shift in macroeconomic conditions. McGlone’s analysis, disseminated via his…
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Institutional Investors Pivot as Crypto Markets Witness 414 Million Dollars in Weekly Outflows Amid Macroeconomic Uncertainty
The digital asset investment landscape experienced a significant shift in sentiment last week as institutional investors withdrew a staggering $414 million from crypto-related financial products, marking a sharp reversal from a month-long trend of consistent growth. According to the latest "Digital Asset Fund Flows Weekly" report released by CoinShares, this development represents the first major…
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