The cryptocurrency market took a hit early this year, but the coming months might lead the market toward the light at the end of the tunnel. Bloomberg analysts explain that …
MoreTag: Bloomberg news
Bloomberg: Bitcoin (BTC) $40,000 rebound is more of “a floor than a ceiling” with $100,000 in play
A new report by Bloomberg published on February 6, 2022, indicates that Bitcoin is poised for further price growth despite starting the year with massive correction. The Bloomberg Intelligence: Crypto Outlook report states that …
More
Bitcoin is an ‘enduring bull market’, Bloomberg Intelligence’s Senior Commodity Strategist suggests
In spite of the fact that Bitcoin has not had a historically unprecedented December as many leading analysts anticipated, the bear market might still be a significant way off, according …
More
Bloomberg Intelligence expects the U.S. to embrace cryptocurrencies in 2022
A new report by Bloomberg Intelligence projects that the United States might embrace cryptocurrencies by 2022, inspired by recent happenings in the sector. The report dubbed Global Cryptocurrencies: 2022 Outlook notes that the U.S. might …
More
Bitcoin (BTC) spikes after Bloomberg says SEC won’t block futures ETF
Bitcoin rallied late Thursday following a Bloomberg report that a bitcoin futures exchange-traded fund (ETF) will clear the U.S. Securities and Exchange Commission (SEC). The top cryptocurrency was up 3.5% …
More
Bloomberg’s Mike McGlone: ‘Bitcoin ETF could be approved next month’
In an interview with Stansberry Research, McGlone McGlone, Bloomberg Intelligence’s senior commodity expert, predicted that the U.S. Securities and Exchange Commission could approve a Bitcoin exchange-traded fund as early as late October. …
More
Bloomberg ETF experts: ‘SEC likely to approve Bitcoin ETFs by November
Bloomberg’s senior ETF strategist, Eric Balchunas, has taken to Twitter to share that recent Ether ETF withdrawals by VanEck and ProShares are a good sign, meaning that Bitcoin futures ETFs may be …
More