Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has dropped a hot take on Bitcoin. In a post on X, McGlone argues that Bitcoin might be overheating given the broader financial market indicators. Gold-oil market imbalance raises red flags for Bitcoin According to McGlone, Bitcoin appears to have peaked given that investors are seeking safety in
For traders who study charts, there’s one “golden” pattern they love to see—and Bitcoin just flashed it, suggesting a recovery could be on the way. The rest of the crypto market, though, didn’t get the memo. Over 95% of the top 100 cryptocurrencies by market cap have posted losses in the past 24 hours, and
Bitcoin is rapidly approaching six-figure territory once again, but as crypto bulls rejoice over this comeback, some technical indicators are sending a not-so-subtle warning: this achievement might not be as positive as it seems on the TradingView chart. The 20-week moving average — which is also the middle of the Bollinger Bands — is sitting
A new crypto platform headed by China has emerged in the spotlight after hitting $55 billion in cross-border transactions. The value was reportedly attained from over 4,000 transactions from central banks in Asian countries such as China, Saudi Arabia, and Thailand. A new Chinese-led crypto platform has seen a significant surge in transaction volume to
Bitcoin mining hardware maker Canaan has until July to raise its share price and escape delisting, Nasdaq told the firm earlier this week. The company now has until July to raise its share price above $1 for at least 10 consecutive days to escape being delisted, it said in a press release Friday. If the
The US Supreme Court announced its next hearing will be on Tuesday, amid a critical decision expected regarding the tariffs signed by President Donald Trump. Whether the decision, which is being closely watched in global markets, will be announced in this session remains uncertain. As is customary, the court did not announce in advance which
US-based mortgage provider Newrez has announced it will consider cryptocurrencies in home loan applications. The company stated that with this move, it has become the first major lender among the top 25 mortgage institutions in the US to integrate Bitcoin and other crypto assets into its mortgage qualification process. According to Newrez, borrowers can now
Bitcoin finally looks alive again. After months of going nowhere, the price pushed up toward $98,000 and is now holding above $96,000. For the first time in a while, crypto traders are feeling some real momentum. But beneath the surface, not everyone is convinced this move will last. According to Michael Nadeau, the market’s structure
Payroll and HR platform Gusto has partnered with crypto infrastructure provider Zerohash to enable stablecoin-based payouts for workers outside the U.S., adding a new payment option to its global payroll and contractor offerings. The integration, which is currently in beta, allows eligible contractors to receive earnings in U.S. dollar-denominated stablecoins with settlement times measured in