Bitcoin Is at Inflection Point, Says Bloomberg Analyst Mike McGlone - BitcoinEthereumNews.com
एलेक्स डोवबिन्या Bloombergs Mike McGlone has named the biggest headwind for Bitcoin in 2022 एक हालिया ट्वीट में, माइक मैकग्लोन, senior commodity strategist for Bloomberg Intelligence, has opined that Bitcoin, the worlds largest cryptocurrency, is currently at an inflection point. छवि द्वारा @ mikemcglone11 Earlier today, the Bitcoin price dipped to $29,232, the lowest level since May 29. The flagship cryptocurrency is poised to finish yet another week in the red, extending its record-shattering bearish streak. McGlone sees an “emboldened” Federal Reserve as the main headwind for Bitcoin and the broader cryptocurrency market. The worlds most powerful central bank will continue raising interest rates in the future, with the market pricing in a 50 basis point hike in June. The Fed is unlikely to reverse its course even if inflation cools off since theres still plenty of work to do to achieve the 2% target. Cleveland Fed President Loretta Mester has advocated for hiking rates “as quickly as practical.” In February, McGlone भविष्यवाणी that Bitcoin was on its way to reaching the $100,000 level.