Gold powering higher in 2026 is a bad sign for Bitcoin, according to Bloomberg Intelligence strategist Mike McGlone. McGlone argues that the precious metal’s exceptionalGold powering higher in 2026 is a bad sign for Bitcoin, according to Bloomberg Intelligence strategist Mike McGlone. McGlone argues that the precious metal’s exceptional

Bitcoin at $10,000? Gold rally jeopardises crypto price, warns Bloomberg strategist

Gold powering higher in 2026 is a bad sign for Bitcoin, according to Bloomberg Intelligence strategist Mike McGlone.

McGlone argues that the precious metal’s exceptional performance signals a shift toward defensive positioning that historically precedes weaker returns for riskier and volatile assets such as crypto.

“Gold grabbing alpha in 2025 at the greatest pace since 1979 could signal market risk reversion in 2026. Never before has the store of value rallied at such magnitude,” he wrote on LinkedIn.

Alpha is a financial term used to describe an investment’s performance. Positive alpha means profit.

The comparison comes as Bitcoin dipped back below $90,000 on Thursday, erasing momentum from a 7% rally in the first week of the year. Traders pulled $486 million from Bitcoin exchange-traded funds on Wednesday, DefiLlama data shows.

It’s far from the first bearish call McGlone has made for Bitcoin. In December he predicted that the top crypto could sink another 90% and trade at $10,000 in 2026 due to mounting competition from other digital assets.

Bitcoin keeps lagging

Bitcoin is now trading 30% below its $126,000 record set back in October, despite a favourable macroeconomic picture that includes the Federal Reserve slashing interest rates to their lowest levels in three years.

The overall crypto market is still down over $1 trillion from its October highs.

Meanwhile, the price of gold is hovering near its all-time high at $4,430 an ounce. US stocks are also pushing near their historic records and expected to enjoy further gains in 2026.

“The current bull market in equities should continue through the end of the decade,” said Ed Yardeni, president of Yardeni Research.

“We expect the economy to continue growing through the end of the decade without a recession,” he said.

To be sure, plenty of investors are still bullish on Bitcoin and ETFs backed by the digital asset.

“We can expect a growing emphasis on value capture from real usage, such as buybacks and fee sharing, alongside technical innovation,” Hassan Ahmed, Coinbase’s Singapore lead, told DL News.

Crypto market movers

  • Bitcoin is down 2.3% over the past 24 hours, trading at $89,986.
  • Ethereum is down 3.9% past 24 hours at $3,108.

What we’re reading

  • Ethereum to $250,000? Tom Lee charts targets as Bitmine stock price jumps — DL News
  • What BlackRock, Coinbase and 11 other industry giants predict for crypto in 2026 — DL News
  • Polymarket Introduces Taker Fees in 15-Minute Markets — Unchained
  • This DeFi Model Could Fix the Energy Crisis (And Power the Next Cycle) w/ Jason Badeaux — Milk Road
  • PayPal, Stripe and other fintech giants flex crypto muscles — ‘2026 is going to be massive’ — DL News

Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email at [email protected].

Market Opportunity
Bad Idea AI Logo
Bad Idea AI Price(BAD)
$0.00000000129
$0.00000000129$0.00000000129
-3.00%
USD
Bad Idea AI (BAD) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities

FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities

The post FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities appeared on BitcoinEthereumNews.com. The FBI says Kimsuky APT, a
Share
BitcoinEthereumNews2026/01/10 02:55
Crypto ETFs Close Week Strong Despite Broad Outflows in Ether Funds

Crypto ETFs Close Week Strong Despite Broad Outflows in Ether Funds

Bitcoin ETFs finished the week with $223 million in net inflows, while Ether ETFs held positive at $48 million despite heavy redemptions across multiple funds. Blackrock’s vehicles once again carried the momentum for both markets. Bitcoin and Ether ETFs End the Week in Green With $271 Million in Combined Inflows The week ended with a […]
Share
Coinstats2025/09/22 23:20
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42