[Bloomberg Analyst Predicts Bitcoin May Drop to $50,000 by 2026] Bloomberg Intelligence Senior Commodity Strategist Mike McGlone predicts that Bitcoin's price will drop to $50,000 by 2026, and it could even decline further by 90% to $10,000. He pointed out that Bitcoin faces competition from millions of digital assets, whereas gold has only three competitors: silver, platinum, and palladium. He expects gold prices to rise by 10% by 2026, surpassing $5,000 per ounce, and believes that all asset classes will face headwinds in 2026. The U.S. stock market may see a correction, and risk assets such as crude oil, copper, and silver could also be affected.

OKX-BTC/USDT is currently trading at $88007, with a 5-minute drop of 0.01%. Please pay attention to market fluctuations.

Bitcoin reversed Asian session gains, dropping below $88,000 and affecting major altcoins. What to know : Bitcoin reversed Asian session gains, dropping below $88,000 and dragging major altcoins lower. The decline aligns with a drop in Nasdaq futures, highlighting their strong positive correlation. Traders have reduced their leveraged positions as open interest in futures has decreased, reflecting cautious market sentiment.

[Bitcoin Contract Open Interest Increased by $2 Billion During Morning Surge] On December 29, CryptoQuant analyst @Darkfost_Coc stated that during Bitcoin's surge this morning, the total contract open interest across the network increased by $2 billion simultaneously. @Darkfost_Coc mentioned that this situation is usually accompanied by short-term price fluctuations, and the temporary nature of leveraged positions may hinder the market from establishing a healthy bottom.

Billionaire Grant Cardone displayed a huge Bitcoin logo on his private plane, demonstrating his support for Bitcoin. （The Bitcoin Historian）