The financial world is watching Mike McGlone’s latest forecasts with a mix of skepticism and concern. The Bloomberg Intelligence senior strategist reinforced his bearish outlook on the crypto market during a detailed conversation with crypto expert EllioTrades, suggesting that the entire crypto asset class may face a fundamental reassessment.
By John Isige Last week, the BTC/USD pair resumed its decline and tested the 65,625.00 level (Murray [1/8]), where it continues to hold. The escalation of the Middle East conflict is contributing to the strengthening bearish momentum. Investors remain disappointed as U.S. President Donald Trump continues to signal progress in peace negotiations with Iran, while in reality the conflict zone is expanding, involving new participants and worsening global economic prospects.
By John Isige Last week, the BTC/USD pair tested the 75000.00 mark (Murray [4/8] level), but then resumed its decline and returned to the 68500.00 area. This month, the price has already made several attempts to recover, but has so far failed to establish an upward trend, as geopolitical and monetary factors continue to pressure assets that compete with the US dollar.
By John Isige Higher profits and more predictable revenue are pushing more and more crypto miners to scale back their core business in favor of artificial intelligence. That, in turn, is already raising a key question: how much could this shift affect Bitcoin’s security?
By Sagar Dua Bitcoin has found support from macroeconomic factors and renewed capital inflows into ETFs. The key question now is how sustainable the current rally will be ahead of the Federal Reserve’s next interest rate decision.
By John Isige Last week, the BTC/USD pair broke out of the medium-term sideways range of 70000.00–62500.00, moving above its upper boundary, and today reached two-month highs near 74370.00.
By Andrew Bennett Donald Trump, once celebrated by many as the “crypto president,” has disappointed part of the Bitcoin community with his strategic reserve initiative. Despite bold promises that the United States would become a “Bitcoin superpower” and the “crypto capital of the world,” the White House has still not started buying BTC one year after signing the executive order that created the Strategic Bitcoin Reserve.
By John Isige Since the start of the Iran war, financial markets have been showing an unusual pattern: Bitcoin has been outperforming both stocks and gold. While there is still no clear winner in the geopolitical conflict, markets have already found a standout leader among major assets.
By John Isige Bitcoin fell sharply after a U.S. strike on an Iranian oil island. At the same time, the Iranian regime outlined its first conditions for a possible reopening of the Strait of Hormuz.
