Search results for Mike McGlone
Crypto
Bitcoin stalls below key resistance line as outlook divided on next move
Bitcoin continues to move sideways just below an early-February resistance level, with views split on what comes next. It traded around $71,200, while ether was at $2,185. Risk appetite improved after a U.S.-Iran ceasefire, but crypto markets did not extend gains. Bitcoin futures open interest rose to a one-week high. Volatility indicators for bitcoin and ether kept falling, while option activity showed continued but easing put demand.
Crypto
Cathie Wood says bitcoin is a proven asset and big crashes are over
Cathie Wood (캐시 우드), CEO of Ark Invest, said bitcoin will no longer repeat market cycles in which it falls more than 85 percent from a record high, Cointelegraph reported. In a CNBC interview, she called bitcoin a “proven asset” and said the market would view a 50 percent drop as a major win. Some analysts disputed her view, including a forecast for a $34,000 low in 2026.
Crypto
Bitcoin drawdown shrinks as Wall Street sees it as portfolio asset
Bitcoin has cut its peak-to-trough decline to about 50 percent in the current cycle, easing its long-held image as a crash-prone asset, analysts said. Past cycles saw repeated drops of 80 to 90 percent from highs. Commentators cite deeper liquidity and rising institutional participation, with some investors looking at 1 to 3 percent portfolio allocations. Others warn of a possible return toward $10,000 and broader risk-asset corrections.
