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Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence , shared some new thoughts on the future of crypto. Namely, in a July 21 post on X, McGlone stated that Bitcoin (BTC) and other cryptocurrencies may be fine, provided the stock market keeps going up. “Bitcoin, cryptos may be fine, as long as the stock market keeps going up.” – Mike McGlone The strategist’s post was a reply to Scott Melker, the host of The Wolf Of All Streets podcast, whose most recent episode, featuring McGlone as a guest, tackles topics including Bitcoin’s recent bullish trend and stablecoin legalization. Bitcoin, cryptos may be fine, as long as the stock market keeps going up https://t.co/2eYnlaGJ8D — Mike McGlone (@mikemcglone11) July 21, 2025 Why does the stock market matter for crypto? During the podcast discussion, McGlone expressed clearly the opinion that cryptocurrencies are intrinsically tied to the stock market, stating: “I can’t even have a view...

The next upward move in digital assets will be the “real” breakout that takes markets to new highs, according to a trader who accurately predicted the late 2022 crypto collapse. The pseudonymous trader known as Capo tells his 101,000 Telegram subscribers that the recent Bitcoin (BTC) bounce was a “test pump,” with the real rally to come. “That was a pump to clean the liquidity from above. The next pump should be the real breakout.” Source: Capo/Telegram Capo says that a convincing break of the $62,000 level – which has potentially happened with BTC currently trading at $64,201 – will likely lead to a continuation to the $70,000 range. “BTC – taking it simple – First bullish confirmation: clean reclaim of $62,000 = $69,000-$70,000 likely. – Second bullish confirmation: clean reclaim of $69,000-$70,000 = main target ($75,000-$80,000) likely. In the meantime, ignore short-term pullbacks…” Looking...