Bloomberg Senior Analyst: Bitcoin Faces Risk of Falling to $50,000 in 2026

2025.11.24 19:51:34

On November 24th, Wall Street analysts issued a warning that the price of Bitcoin might experience a 40% plunge and reach $50,000 in 2026. Bloomberg Intelligence's Senior Commodity Strategist, Mike McGlone, stated on LinkedIn that he anticipates the price of the leading cryptocurrency to decline by 60% from its all-time high of $126,000 by the next year. "Will Bitcoin fall to $50,000 or rise to $150,000 in 2026? My inclination is towards $50,000," McGlone said. "Especially if the S&P 500 Index undergoes its third consecutive down year since 2008." His reasoning is that the combination of soaring gold prices, declining oil, and stock market volatility will lead investors to shun high-risk assets such as Bitcoin.

Add to Favorites Download image Share x Copy link

Relevant content

The current mainstream CEX, DEX funding rate display indicates that the market is still bearish

On December 5, data from Coinglass shows current funding rates across major centralized (CEXs) and decentralized exchanges (DEXs) signal bearish market sentiment. Funding rates for key cryptocurrencies are detailed in the attached image. **BlockBeats Note**: Funding rates are fees set by crypto trading platforms to keep perpetual contract prices aligned with the underlying asset’s value. They act as a capital exchange between long and short traders—platforms do not collect this fee. The mechanism adjusts the cost or profit of position holders to ensure contract prices track the underlying asset closely. Here’s what funding rates indicate: - 0.01% = baseline rate - Above 0.01% = generally bullish sentiment - Below 0.005% = generally bearish sentiment

11 minutes ago

Yesterday, the US Solana Spot ETF saw a net inflow of $4.2 million

On December 5th, data from Farside monitoring indicates the U.S. Solana spot ETF posted a net inflow of $4.2 million yesterday.

11 minutes ago

Yesterday, the US Ethereum Spot ETF saw a net outflow of $41.5 million

On December 5, Farside monitoring data shows the U.S. Ethereum spot ETF recorded a net outflow of $41.5 million yesterday.

11 minutes ago

The Hubei police in China seized a wallet containing approximately 1.9 million USDT. If unclaimed for six months, the funds will be turned over to the national treasury.

**December 5** The Jiayu County Public Security Bureau in Xianning, Hubei, China, announced Wednesday (December 3) that it seized a virtual currency wallet holding roughly 1.9 million USDT during searches of suspect Zeng’s home and rental property. The searches were part of probes into an extortion case and a case involving the infringement of citizens’ personal information. The items’ current owner is unknown. The owner must claim the items at the bureau within six months of the announcement, providing legal proof and identification. If no one claims the items or fails to provide valid legal justification by the deadline, the bureau will transfer the items and any accrued interest to the national treasury in accordance with relevant laws and regulations.

11 minutes ago

The concept of "Mascot" within the BSC ecosystem is gaining popularity, with BIBI and PALU reaching new highs in market cap before pulling back.

Dec 5 – Per GMGN monitoring via this link, the meme coin BIBI has surged sharply in market cap since Dec 3, driven by the recent widespread appearance of the Bibi mascot plushie at Binance Global Event venues. Starting from a low of ~$1.7 million, BIBI briefly spiked to a peak of $13.8 million — with the market framing it as a potential "new mascot" for Binance. It has since pulled back from the peak, currently sitting at ~$8 million with a price per token of ~$0.008. Meanwhile, Binance’s new CEO He Yi’s public comments on another meme coin, PALU, have grabbed market attention. He Yi stated: "PALU is employee-driven, and I’m not against internal experimentation." Fueled by this, PALU’s market cap has climbed steadily from ~$6 million to a peak of $9.7 million. It has also pulled back recently, now at ~$7 million with a price per token of ~$0.007. PALU traces its origin to a community Mid-Autumn Festival i

11 minutes ago

Yesterday the US Bitcoin Spot ETF saw a net outflow of $1.946 billion

On December 5th, Farside monitoring data indicates U.S. Bitcoin spot ETFs recorded a net outflow of $194.6 million yesterday—with no ETF registering any fund inflows. ### Key adjustments for American English/financial news norms: 1. **简洁主动**：用 "recorded" 替代被动的 "the net outflow of"，更符合快讯简洁表达； 2. **术语规范**："registering" 替代 "recording"（金融领域常用搭配），"U.S." 标准缩写； 3. **逻辑衔接**：用破折号衔接补充信息，比逗号更清晰（美式快讯常见）； 4. **复数准确**："ETFs" 明确指代多个美国比特币现货ETF（原句隐含复数）。

11 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.