Invest ideasNews
12 Mar 2026, 12:00
Bitcoin May Still Fall Under $10,000, Bloomberg’s McGlone Warns
Bloomberg Intelligence senior commodity strategist Mike McGlone said bitcoin could still fall back toward and potentially below the $10,000 area, arguing that crypto remains trapped in a broader macro unwind tied to deflationary pressure, overstretched risk assets and what he described as excess across the digital-asset complex. Speaking in an interview with EllioTrades, McGlone reiterated a call he first revived when bitcoin was above $100,000: that the market could again “lop off a zero.” This time, he framed the thesis less as a pure crypto-cycle forecast and more as a macro view on what happens when speculative assets begin to roll over together. The Thesis For $10,000 Bitcoin McGlone’s core argument was that bitcoin is no longer trading as a detached alternative asset. In his telling, it has been absorbed into the same cross-asset risk regime as equities, commodities and broader liquidity conditions. “Bitcoin was one in 2009 and now there’s 37 million cryptocurrencies,” he said. “Bitcoin was one. So limited supply. But this space led the way up in risk assets… Now they’re leading the way lower.” Related Reading: Arthur Hayes Says He Wouldn’t Buy Bitcoin Yet: Wait For This He tied that view to what he sees as a post-inflation deflationary phase, with bond markets, not crypto, likely to be the next relative winners. McGlone said the sharp move in energy, metals and crypto volatility has not yet fully spilled into equities, but expects that to change. His base case is that stock-market volatility rises materially from still-subdued levels, triggering a deeper correction in both equities and digital assets. That, in turn, underpins his bitcoin target. McGlone said he is not identifying $10,000 as a precise cycle low so much as the most important long-duration trading zone in the asset’s history from 2019-2020. “If you look at the highest most widely traded price in Bitcoin since 2020, maybe even going out to 2019, it’s 10,000 or lower and has a history of fluctuating around 10,000,” he said. “So my premise is we’re going back to that level.” The strategist was especially blunt about the rest of the sector. He argued that stablecoins are the only clear structural winners inside crypto because they “track something physical,” namely the dollar and Treasury-based collateral. Everything else, he suggested, depends largely on speculative belief. He pointed to the massive growth of Tether and broader crypto-dollar supply as evidence that the base layer of the ecosystem is increasing dollar demand, not appreciation in volatile tokens. Related Reading: Bitcoin ‘Sandwiched’ Between Two Key Zones As Price Tops $71,000 – Major Move Ahead? McGlone also said the speculative excess of 2024 and 2025, amplified by memecoins, ETFs and post-election enthusiasm around Donald Trump, may have marked a durable top for the broader asset class. “The bottom line is these risk assets have to prove me wrong,” he said. “Otherwise, I see us navigating and riding a bear market in equities, a bull market in volatility that’s barely getting started.” EllioTrades pushed back on both the magnitude of the bitcoin call and the idea that crypto is effectively “dead,” arguing that Bitcoin could still reassert itself as a debasement hedge and that stablecoin-based agentic commerce, privacy use cases and a post-washout class of surviving projects could support a future recovery. He also argued that, while many tokens may still go to zero, the surviving tokens of the market may follow a familiar purge-and-rebirth pattern seen in earlier cycles. McGlone did not rule out that crypto eventually finds a bottom. But his message was that the market is not there yet. For now, he said, bitcoin and the wider complex are still behaving like risk assets in a bear phase and until equities correct more meaningfully and stay down for a while, rallies should be treated with caution rather than as proof that the cycle has turned. At press time, Bitcoin traded at $69,890. Featured image created with DALL.E, chart from TradingView.com
12 Mar 2026, 12:00
BlackRock debuts staked ether ETF as demand grows for yield in crypto funds
The BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) lets investors earn staking rewards alongside spot ETH exposure.
12 Mar 2026, 11:54
Cardano whales unleash massive ADA sell-off
Cardano ( ADA ) whales are carrying out a massive selling pressure as the altcoin retests its multi-year support level. During the past week, Cardano whales have offloaded more than 130 million tokens to hold about 13.55 billion ADA at press time, according to data from Santiment , an on-chain analytics platform. Cardano held by whales. Source: Santiment The heightened selling pressure for ADA by whales comes at a time when this altcoin is retesting its multi-year support level around $0.24. ADA/USD 1-week chart. Source: TradingView Cardano price prediction amid weak demand from whales From a technical analysis standpoint, Cardano price must hold above $0.24 in the coming weeks to invalidate further capitulation towards $0.112, as per analysis shared by trading expert Ali Martinez. ADA/USD 3-day chart. Source: X However, if the Cardano whales begin to accumulate again in the near future, this altcoin could rebound towards $0.538. The ADA utility riddle The ADA price has been under intense bearish sentiment in the past months primarily because of its slow utility growth over the years. For instance, despite Cardano network having existed for nearly a decade, its total value locked (TVL) hovered around $140.64 million while its market cap was around $9.7 billion at press time. As such, the ADA market cap has grown due to speculative buying while its utility remains relatively low. Further, the daily active addresses on the Cardano network have dropped aggressively from over 71,000 in late 2024 to around 16,232 at press time, as per data from DeFiLlama . Cardano on-chain metrics. Source: DeFiLlama Nonetheless, the Cardano ecosystem, under the stewardship of Charles Hoskinson has been working to catalyze on-chain activity. For instance, the network’s stablecoin market cap spiked from $36.83 million in February to over $47 million at press time following the launch of USDCx, which is pegged to Circle’s USDC . The post Cardano whales unleash massive ADA sell-off appeared first on Finbold .
12 Mar 2026, 11:54
Bitcoin Recovers Above $70K as Tanker Attacks Push Oil Back Over $100
Bitcoin rebounded as Gulf shipping strikes sent Brent crude past $101, with analysts split on near-term outlook.
12 Mar 2026, 11:50
BTC reserve firm Metaplanet targets Japan’s digital asset ecosystem with $25M fund
Over the next two to three years, Metaplanet intends to fund Bitcoin infrastructure startups with roughly ¥4 billion, or about $25 million, through its new venture and asset management divisions, Metaplanet Ventures and Metaplanet Asset Management. The funding will target several sectors to accelerate growth in Japan’s digital asset ecosystem. According to official documents, the investment will extend to startup funding, a founder incubator in Japan, and grants for open-source Bitcoin projects and educational efforts. The Tokyo-listed company will use proceeds from its Bitcoin business to fund the initiative. So far, it already owns 35,102 BTC. Despite the expansion, the move comes at a challenging financial moment for the company. Metaplanet disclosed earlier this year that it posted a full-year loss of about $605 million (¥95 billion). Metaplanet’s program will focus on Japan ventures first Metaplanet’s investment strategy will focus on early-stage to scaling companies developing solutions across Bitcoin finance, including lending, custody, payments, and derivatives. The program will center on Japan but will also look globally for innovations that can strengthen the country’s ecosystem. The firm also plans to dedicate resources to an incubator supporting early-stage Bitcoin and digital asset infrastructure companies in Japan. It will provide funding and operational support, including access to its distribution channels, platforms, and investor network. The third focus area will be a grants program designed to empower open-source Bitcoin developers, educators, and researchers in Japan while reinforcing the local talent network. Speaking on the planned investment, Metaplanet CEO Simon Gerovich noted on X: “Japan has built the best regulatory framework in the world for digital assets. Now it needs the companies, the builders, and the infrastructure to match.” Metaplanet Ventures has already signed a letter of intent to commit $2.6 million (¥400 million) to JPYC Inc. , Japan’s FSA-regulated stablecoin issuer, with the deal set to close in April following due diligence. Metaplanet saw a full year $605 million, primarily due to a Bitcoin decline Metaplanet has been focusing on acquiring Bitcoin, especially since October, when the asset dropped from its peak. It’s been particularly consistent in following Saylor’s Strategy’s footsteps, even buying Bitcoin at times when it traded over $100,000. Over the past few months, most Bitcoin purchases were financed primarily with common stock, though the company also raised funds through preferred shares, specifically MERCURY and MARS. However, the acquisitions have taken a toll on its finances, with the company reporting a ¥95 billion, roughly about $605 million annual loss, driven mainly by a sharp decline in the value of its Bitcoin reserves in the last quarter. Since it began purchasing Bitcoin, the company has deployed nearly $3.8 billion at an average price of $107,000 per coin, putting its holdings about 37% underwater, equal to approximately $1.4 billion in losses. Nonetheless, most of the firm’s revenue still stems from premiums on writing options on assets, including Bitcoin. Last year, it earned around $51 million from the business, and the company is projecting an impressive 81% rise in full year operating profit. In his assessment of Metaplanet, Ahmed also pointed out that the firm’s use of Bitcoin as a key source of both asset and service income creates a concentration risk. Nevertheless, he asserted that the firm’s decision to invest in venture and asset management businesses could provide it with more balanced income sources not directly tied to the token’s prices. So far, the company’s stock has fallen more than 62% over the past six months, according to Google Finance. It dropped 3.25% on Thursday alone. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank
12 Mar 2026, 11:43
Chinese fraud victims challenge UK redress plan for 61,000 seized Bitcoin: FT
Chinese investors defrauded in the Zhimin Qian case are asking the UK High Court to reject a redress plan for 61,000 seized Bitcoin, saying it could deprive them of the assets’ gains.
