Bitcoin May Revisit $30,000, Bloomberg’s Mike McGlone Says, Here’s Why

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Bitcoin May Revisit $30,000, Bloomberg’s Mike McGlone Says, Here’s Why
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Bitcoin indicates another rough week for risk assets: Bloomberg’s chief strategist mikemcglone11. $BTC

Today, on February 6, Bitcoin demonstrated a drop of over 3 percent, going down from $39,670 to the $38,309 area. However, by now, the price of the flagship cryptocurrency has restored a little, rising to $39,054 at the time of writing.Since Tuesday, March 1, the leading digital currency has been going down at a small pace. However, on March 3 it went down sharply and since that day until this morning BTC has lost 10.24 percent of its market value, dropping from $44,031 to the $39,522 level.

By now, the amount of digital gold has increased by around 5,000 BTC, rising from 29,494 to 34,613 Bitcoin.According to Glassnode, the number of bitcoins held by the Purpose Bitcoin ETF has reached a new high. Since 2022, despite the gradual decline in market conditions, the number of bitcoins it holds has continued to grow, from 29,494 to 34,613, an increase of about 5,000 bitcoins.

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