Bloomberg strategist forecasts Bitcoin to rise over the next six months
Bitcoin is showing the same pattern as when the 2018 bear market ended. This conclusion was reached by Mike McGlone, senior Bloomberg Intelligence strategist for commodities.Bloomberg is a global financial services, software, and media company.
Bloomberg strategist forecasts Bitcoin to rise over the next six months
Bitcoin is showing the same pattern as when the 2018 bear market ended. This conclusion was reached by Mike McGlone, senior Bloomberg Intelligence strategist for commodities.
Bloomberg Terminal widens coverage to 50 cryptocurrencies
Bloomberg expanded the reach of its information system to 50 cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, XRP and Solana. Clients gained access to pricing data for digital assets, as well as derivatives and indexes linked to them.
Elwood Technologies and Bloomberg to Offer Service for Institutional Crypto Investors
Elwood Technologies, owned by billionaire Alan Howard, agreed with Bloomberg on a “strategic integration” of the platform into Bloomberg's order-management system, The Block reports.
Bloomberg finds Chinese commercial paper in Tether’s reserves
The backing of the Tether (USDT) stablecoin includes short-term loans to major Chinese companies and loans to crypto-lending platforms such as Celsius Network, according to a Bloomberg investigation.
Bloomberg Strategist: Rising USDT Transactions Boost the Dollar’s Value
Dollar-pegged stablecoins boost the value of the U.S. dollar, according to Bloomberg Intelligence senior commodities strategist Mike McGlone.
Bloomberg flags expected opening price for Coinbase shares
Coinbase shares are set to begin trading on Nasdaq at $340, according to Bloomberg, citing familiar sources. This implies a market capitalization of about $88 billion, based on 261.3 million shares.
Average NFT price falls to one-third of its February peak
Average NFT price fell by 67% from the February peak, according to Nonfungible. Such a dynamic may indicate a waning NFT mania, Bloomberg reports.
Bloomberg Strategist: Bitcoin Could Reach $400,000
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said Bitcoin is transforming into a low-risk reserve asset and predicted its rise to $400,000.
Bloomberg: Bitcoin volatility spooked major companies
Many Wall Street financial managers have reconsidered investing in Bitcoin after its price fell more than 25% last week, according to Bloomberg.
Bloomberg: Bitcoin eyes $50,000
Bitcoin price could swing between $10,000 and $50,000, with a market cap rising to $1 trillion. Bloomberg analysts say that unprecedented quantitative easing and a higher debt-to-GDP ratio, along with slower post-halving issuance, could push Bitcoin to new highs.We use cookies to improve the quality of our service.
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