Mike McGlone|1月 07, 2026 12:06
Cryptos' Bear Market Rhymes With 1929-30:
Ending 2025 down about 20% after rallying just over 20% to a new high, the Bloomberg Galaxy Crypto Index may have formed an enduring peak akin to the US stock market in 1929. My chart shows the crypto index's performance rhyming with the Dow Jones Industrial Average during that period, with the potential for retracing some 2025 losses before resuming the downtrend. In March 1930, the Dow was down less than 2% from the end of 1928.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t8hquckgzais {BI COMD}
#bitcoin #stockmarket #gold @BBGIntelligence(Mike McGlone)
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