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Bitcoin price to $10,000 as markets barrel towards crash ‘reminiscent of 2008,’ Bloomberg analyst warns
Yahoo Finance· 2026-02-02 09:25
Bitcoin’s price will plunge another 87% and fall to $10,000, warns Bloomberg Intelligence strategist Mike McGlone. That’s after the top crypto already tumbled about 20% over the past two weeks, to trade at $76,500. Bitcoin is now down 40% from its all-time high set in October. “A traders delight, 2026 to be reminiscent of 2008, 2000-1,” McGlone wrote on LinkedIn. The bleak outlook comes amid a broad asset selloff after US President Donald Trump picked Kevin Warsh to lead the Federal Reserve. The tech ...