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Bloomberg expert warns Bitcoin could drop to $10,000 if US market plunges
Mike McGlone, senior commodities strategist at Bloomberg Intelligence, laid out an extreme bearish scenario for Bitcoin. He argues that if the U.S. stock market were to drop roughly 20%, Bitcoin could be dragged down to the $10,000 range.
McGlone notes that Bitcoin has moved in lockstep with the risk-on rally since 2009, meaning a sharp reversal in traditional financial markets could have an outsized impact on BTC.
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or
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BTC+0.90%
$SOL bears survived the dump from $250
now they have to survive the bounce
not saying it happens tomorrow, but the setup is getting interesting to me
until that happens, don't confuse a green candle with a confirmed trend reversal
SOL+1.70%
Trenches
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🐋 WHALE WATCH : Everyone is panicking over a little chop. Did you forget how this works ?
US inflation at 3.7% and two weeks of ETF outflows shook out the weak hands but Bitcoin is still holding the $80k line like an absolute fortress. We even tapped $83k today.
The market wants you sidelined. If we hold this support the late-month short squeeze is going to be biblical. Uptober isnt canceled it was just delayed.
Are you buying the fear or sitting in fiat ?
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BTC+0.90%
a live action d'orc movie is in the works. half dwarf, half orc, hunted by both sides.
the last phone charger in my house relates
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I just entered an initial long position. I see BTC at 84 tomorrow and ETH at 2,500 tomorrow. The Dow Theory structure and Wyckoff volume-price relationship currently support this entry logic and its expected probability, so there’s nothing to fear.
BTC+0.93%
ETH+1.29%
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GateSquare
📚 How to write your first post, and how to get traffic and earn?
The Gate Square Creator Guide is here. From choosing a topic to publishing, it helps you turn market observations into content worth sharing.
✍️ How to write trading analyses, hot-topic takes, and trade recaps
💬 How to spark interaction and keep readers coming back
🎁 How to participate in rewards, content mining, and other earning opportunities
There are also first-post templates for inspiration. Start with an opinion or a real trade—no more staring at a blank post editor.
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Strategy continues to accumulate 267 BTC, holdings hit new ATH
Strategy continues to accumulate Bitcoin. The company has purchased an additional 267 BTC, bringing its total holdings to a new record of 848,517 BTC. Co-founder and Executive Chairman Michael Saylor confirmed the latest acquisition in a recent update.
The move comes amid ongoing market headwinds from inflation, bond yields, and volatility across risk assets. Despite the pressure, Strategy remains committed to its long-term Bitcoin accumulation strategy, reinforcing its position as the world's largest publicly listed Bitcoin holder
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BTC+0.90%
I spent some time reading through @RomeProtocol, and one detail made me rethink how EVM compatibility on Solana could work.
Why should an Ethereum application need a separate liquidity pool just because its contracts run in a different environment?
That’s the problem Rome is working on.
It runs an EVM inside Solana, allowing Solidity contracts and native Solana programs to interact without moving assets through a bridge.
→ Ethereum developers can bring existing contracts over, keep using familiar development tools, and access liquidity already on Solana.
→ Solana developers can make their appl
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SOL+1.70%
ETH+1.24%
Four-hour bullish outlook: The logic is very clear. Previously, every time price touched the 795-802 gap zone, it left a long lower wick and bounced back up. On the 15th, price wicked into this zone and filled the gap, then once again left a long lower wick and was pulled higher. Looking at the previous price action, it is obvious that the big players here are refusing to let price fall. If not going long now, when?
The 843-852 liquidity gap above has still not been fully filled, so it will definitely attract price higher, drawing major capital in to push the price up and sweep the liquidity a
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BTC+0.93%
ETH+1.29%
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The be
#LatviaPassesCryptoTaxLaw
Latvia Passes New Crypto Tax Law: What It Means for Investors and the Market
Latvia has approved a new law that updates how cryptocurrency is taxed, and it is one of the more practical regulatory moves we have seen from a European country this year. Crypto tax rules have long been a source of confusion for ordinary holders in many countries. People who bought assets years ago often do not know how to report them, which gains are taxable, or what documentation they need. When a government steps in with a clear framework, it reduces that uncertainty, and that is the co
BTC+0.90%
historical Live Show
live-cover
LIVE1,133
Minted a few Trollbox by @strangersolemn on @OrdDropz.
All three Shielded Ordinals collections now secured in my vault. 🤙🔒
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ORDI+2.64%
who wanna pull up to airport and joke about explosive together?
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I'll be honest, the people doubting neoclouds just lack the ability to think long term
I'm not talking about company-specific cases, but the concept itself
A hyper-specialized business with the sole purpose of securing power for energy-hungry AI and maximizing inference performance and efficiency at both the software and hardware levels
It's a custom-made business model for the largest revolution in the history of technology, perfectly designed to serve it, and yet people think it's a speculative, maybe even temporary industry
Nonsense.
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🚨 $100K for just $99! 🔥
@GoatFunded is making it easier to access a $100K account at an affordable price.
Don’t miss this opportunity. 🐐💰
#GoatFundedTrader
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Ethereum has given itself a hard deadline of December 2029 to be fully quantum-resistant. Bitcoin has no deadline at all.
Coinbase just pointed straight at that gap.
On Oct 13 it told Bitcoin devs to start the quantum upgrade now, well before anyone builds a machine that can break it.
Why the urgency? Because Bitcoin upgrades move slowly, guys. SegWit took more than two years from proposal to activation, and that was a small change.
Meanwhile around 6.9M $BTC already sits in addresses with exposed public keys, per Project Eleven. Roughly a third of the supply. A lot of it is Satoshi-era coins
ETH+1.24%
BTC+0.90%
COIN-2.35%
📅 This Week’s Gate Square U.S. Stocks Preview | 10/19–10/23
Tech earnings reports roll in: Could AI and storage stocks get a new catalyst?
🔎 In focus: $TSLA $META $NFLX $LRCX $WDC
The editor’s mic is yours: Which one is most likely to beat expectations? Share your views and reasoning on Gate Square👇
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GateSquare
📅 This Week’s Gate Square U.S. Stocks Preview | 10/19–10/23
Tech earnings reports roll in: Could AI and storage stocks get a new catalyst?
🔎 In focus: $TSLA $META $NFLX $LRCX $WDC
The editor’s mic is yours: Which one is most likely to beat expectations? Share your views and reasoning on Gate Square👇
🧧 New users who publish a qualifying first post can claim a red packet. Limited quantity, first come, first served.
🏆 3 quality new users selected daily, each winning a 100 USDT position trial voucher
https://www.gate.com/post
‍#美股
repost-content-media
TSLA+3.51%
NFLX-1.43%
LRCX+3.61%
WDC+4.57%
solana:EEpng77ZPn9FT4xsRjwuxNCcMBYq3HTwEscyTpump just wants some luv
EEpng77ZPn9FT4xsRjwuxNCcMBYq3HTwEscyTpump
#crypto $sol
SOL+1.70%
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