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McGlone Warns SPX Pullback Could Send Bitcoin Price to $10K

Bitcoin.com News·September 13, 2026·1 min read
McGlone Warns SPX Pullback Could Send Bitcoin Price to $10K

Mike McGlone, senior commodity strategist at Bloomberg Intelligence, stressed that high stock prices and upcoming interest rate hikes suggest bitcoin may retrace to $10,000, serving as a leading indicator of a risk-asset drawdown. He called bitcoin 'a dud' and 'beta.'

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