help full information

Bloomberg senior commodity strategist Mike McGlone links the recent decline of Bitcoin to a broader stagnation in the stock market, noting that the recessionary tone in the U.S. stock market is putting pressure on the cryptocurrency market. Despite gold prices reaching historical highs of around $3,800 per ounce, Bitcoin remains fragile as a risk asset. McGlone believes that $100,000 is a key psychological support level for the fourth quarter—maintaining this level could stabilize market sentiment, while falling below it could accelerate declines. This divergence highlights the ongoing correlation between Bitcoin and risk assets, as well as the safe-haven appeal of gold.
$ETH $BTC