Express

The Bull Market May Start In June, Bitcoin Could Resume Rising To $100K, Says Bloomberg Report

Mary Liu

Summary: A report conducted by Mike McGlone, Bloomberg BI Senior Commodity Strategist, shows that Bitcoin is currently trading in the range of about $38,000, which means that many speculative assets have disappeared, and Bitcoin's fundamentals remain intact.  The report stated that we are now in the "resting crypto-asset bull market". The Bloomberg Galaxy Encryption Index (BGCI) ...

A report conducted by Mike McGlone, Bloomberg BI Senior Commodity Strategist, shows that Bitcoin is currently trading in the range of about $38,000, which means that many speculative assets have disappeared, and Bitcoin's fundamentals remain intact. 

The report stated that we are now in the "resting crypto-asset bull market". The Bloomberg Galaxy Encryption Index (BGCI) shows that the bull market may start in June. 

With Bitcoin's reduced supply and a large number of retail and institutional funds inflowing, Bitcoin may resume its rise to $100,000.

By Mary Liu

Last Update:

Tags: ,,
Link: The Bull Market May Start In June, Bitcoin Could Resume Rising To $100K, Says Bloomberg Report   [Copy]
Next:

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 2 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 3 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 14 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 15 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 17 days ago

    • You need to login to comment.