coin-img-XAUTXAUT+0.35%coin-img-HYPEHYPE-2.88%coin-img-PAXGPAXG+0.42%coin-img-WLFIWLFI-6.02%coin-img-ASTERASTER+0.77%coin-img-ONDOONDO-1.75%coin-img-ZAMAZAMA-26.77%coin-img-POKEEPOKEE+789.61%coin-img-XAUTXAUT+0.35%coin-img-HYPEHYPE-2.88%coin-img-PAXGPAXG+0.42%coin-img-WLFIWLFI-6.02%coin-img-ASTERASTER+0.77%coin-img-ONDOONDO-1.75%coin-img-ZAMAZAMA-26.77%coin-img-POKEEPOKEE+789.61%coin-img-XAUTXAUT+0.35%coin-img-HYPEHYPE-2.88%coin-img-PAXGPAXG+0.42%coin-img-WLFIWLFI-6.02%coin-img-ASTERASTER+0.77%coin-img-ONDOONDO-1.75%coin-img-ZAMAZAMA-26.77%coin-img-POKEEPOKEE+789.61%coin-img-XAUTXAUT+0.35%coin-img-HYPEHYPE-2.88%coin-img-PAXGPAXG+0.42%coin-img-WLFIWLFI-6.02%coin-img-ASTERASTER+0.77%coin-img-ONDOONDO-1.75%coin-img-ZAMAZAMA-26.77%coin-img-POKEEPOKEE+789.61%
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Ana Zirojević

Mike McGlone Links Bitcoin’s 2025 High to a 45% Crypto Slump and Pressure on Metals

Bloomberg Intelligence strategist Mike McGlone argues that the roughly 45% drawdown in the Bloomberg Galaxy Crypto Index between 2025 and 2026 mirrors the Dow Jones Industrial Average’s slide during the 1929-30 crash and could mark a cyclical low for digital assets. He also notes a breakdown in the crypto-versus-metals ratio and says Bitcoin’s strong 2025 advance may foreshadow weaker relative performance against gold, silver, and other metals into 2026, while Bitcoin trades near $66,981.71 with notable short-term losses.
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