Business & Markets

Mike McGlone Warns Bitcoin Could Slide Toward $10,000 as Recession Risks Mount

Bitcoin could face a deep correction toward 10,000 dollars if mounting macroeconomic pressures in the United States evolve into a broader recession, according to Bloomberg Intelligence strategist Mike McGlone. His warning comes as crypto markets show renewed volatility and traditional equity valuations remain elevated relative to historical benchmarks. McGlone argues that weakening digital asset prices […]