A tweet shared by Bloomberg's chief commodity strategist, Mike McGlone, discusses Bitcoin and Ethereum, touches Tether and states that the flagship cryptocurrency should get back on track toward $100,000.

"Bitcoin is likely to resume the rise to hit $100,000"

As Bitcoin is trading in the $38,000 zone, the authors of the Bloomberg report say that BTC could be in a "resting crypto-asset bull market."

The Bloomberg Galaxy Crypto Index (BGCI) shows that a bull market is likely to kick off in June. At the moment, the largest cryptocurrency is creating a basis around the $30,000 level after its 50 percent fall from the $68,700 all-time high in April.

Now, a lot of speculative assets are go ... Read more »

Category: News | Views: 157 | Added by: danyagames2007 | Date: 03.06.2021 | Comments (0)