Sentiment: Positive
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Bitcoin Is Now ‘Stock-Market Puppet’, Bloomberg Strategist Warns as Whales Refuse to Back Down
By Brian Njuguna at 2026-11-06 15:58
Sentiment: Positive
Bitcoin (BTC) is increasingly tied to the stock market. Mike McGlone, Bloomberg Intelligence’s senior commodity strategist, believes Bitcoin has increasingly become a “stock-market puppet,” citing its strong correlation with U.S. equities and its tendency to swing more sharply. In an October 1 interview with Wealthion, McGlone questioned Bitcoin’s performance and maintained his bearish outlook despite […] Continue reading...
Categories: Bitcoin
Tags: #Bitcoin #News #Bitcoin News #BTCUSD #BTCUSDC #BTCUSDT #Cryptocurrency News #XBTUSD
Source ZyCrypto