Bitcoin has seen slower growth compared to market expectations
by Mike McGlone, Bloomberg Intelligence's senior macro strategist. At the time of writing, BTC is up by 2.03% over the past 24 hours to $29,470.71. Per the current price outlook, Bitcoin has now completely pared off the losses it accrued in the trailing seven-day period.
Despite this impressive recovery, Mike McGlone opines that Bitcoin is revealing a problem based on the premise that the stock market must rise before it also moves in a remarkable way. The strategist said Bitcoin is the lone crypto untouched in the U.S. regulatory crackdown, a statement that shows the premier cryptocurrency is the only coin that the Securities and Exchange Commission regards as a nonsecurity.
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