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Bloomberg analysts: Bitcoin may replicate the trend following the launch of gold ETFs, undergoing a "painful pullback" and a "patience-testing recovery"

1 hours ago

Bloomberg ETF analyst Eric Balchunas said Bitcoin ETFs are likely to follow gold’s volatility trajectory, experiencing "stunning rallies" and "painful pullbacks" that will test investors’ patience. Balchunas noted that both gold and Bitcoin are non-yield-bearing stores of value that generate no cash flow. Their demand, driven by market sentiment, can lead to both "price surges" and prolonged stagnation. As such, Bitcoin ETFs may follow the same playbook: stunning gains, painful pullbacks, and a recovery that could test investors’ patience.

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Associated addresses linked to Lombard Finance have deposited 750 Bitcoin to Galaxy Digital, likely for an over-the-counter (OTC) transaction.

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Paxos Joins Robinhood Chain Governance Council

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Chair of the U.S. House Committee on Administration: CLARITY Act Expected to Pass the Senate Next Week

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New-generation Doubao smartphones have a stock of hundreds of thousands of units, and the AI will no longer forcibly integrate into leading apps.

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Tom Lee: AI bottleneck stocks have pulled back, Ethereum, as a key downstream asset for AI, has promising performance.

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