Bloomberg strategist: In addition to Bitcoin, gold and other risky assets are also in the current correction. Bitcoin is just a "normal return"
Bloomberg Intelligence senior commodity strategist Mike McGlone posted an article on X platform explaining why the price of Bitcoin has recently experienced a pullback. He stated that the current market pullback not only involves Bitcoin, but also gold and other risky assets, and it is just that Bitcoin's decline is greater due to its high volatility. However, for Bitcoin, it is "just a normal regression". Mike McGlone also stated that although the SP 500 index did not experience a significant decline in the fourth quarter of this year, it does not mean that this momentum can continue, especially since it is unlikely to maintain its growth momentum in 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlockDAG, Solana, Monero, & PEPE Could Shape the Top-Performing Crypto Rankings in 2025
Want to know the top-performing crypto for 2025? See why BlockDAG’s 17,750 miners & 2,520% ROI lead the pack, along with strong contenders Solana, Monero, & PEPE.1. BlockDAG (BDAG): Massive Hardware Rollout and Market Momentum2. Solana (SOL): A Scalable Solution with Strong Developer Demand3. Monero (XMR): Privacy-Focused with Long-Term Resilience4. PEPE: A Meme Coin That Keeps Delivering Unexpected GainsWhich Crypto Has the Edge in 2025?
Best Crypto Presale: 3 New Crypto Projects Raising Millions And Attracting Investors
Nexchain, Solaxy, and BTC Bull shine in 2025 presales—AI, Solana scaling, and BTC rewards drive investor interest as the crypto market rebounds.Nexchain: Where AI Meets Autonomous BlockchainSolaxy: Scaling the Solana SurgeBTC Bull: Airdrop for Bitcoin MaxisNexchain Leads the Charge in 2025 Pre-Sales
XMR Price Surges & Tron (TRX) Price Action Gains Steam – but Unstaked’s AI-Powered Token Is the Smartest Buy
Tron (TRX) price action targets $0.73, Monero (XMR) price surge passes $400, but Unstaked’s $0.010126 presale and 2,700% ROI potential could overshadow them both.(TRX) Eyes $0.73 as 2025 Price Forecast Builds MomentumMonero (XMR) Surges Past $400: Is a New All-Time High on the Horizon?Unstaked Is the Future of Decentralized MarketingSumming Up
Pavel Durov and Elon Musk Teamed Up to Bring xAI’s Grok to Telegram’s 1B Users
Trending news
MoreCrypto prices
More
