Bloomberg: Bitcoin Faces Potential Drop to $10,000 Amid Market Shifts

Bloomberg’s senior commodity strategist, Mike McGlone, has issued a warning about potential Bitcoin price correction, predicting it could fall sharply to $10,000. According to McGlone, this decline is triggered by Bitcoin’s reliance on robust U.S. stock market performance for its inflated value. Without independent market strength, the cryptocurrency is vulnerable to fluctuations.