News about monetary policy

On October 16, Bloomberg Intelligence's Mike McGlone said Bitcoin could fall toward $10,000 if US stocks drop 20% amid tighter central bank policy, a target he has repeated throughout 2026. Bitcoin trades near $82,000 as of October 18, about 35% below its all-time high of roughly $126,080 set in early October 2025. CryptoQuant founder Ki Young Ju argued that spot ETFs have absorbed $58 billion and treasury companies hold 1.3 million BTC, and that on-chain cost basis points to a floor near $30,000; a $10,000 price would imply an MVRV ratio of 0.2, below the worst historical bottom of 0.6. Technical analyst Michaël van de Poppe called the chart “not bad at all” and believes the next move is more likely to be upward.