Bloomberg senior analyst Mike McGlone made statements about Bitcoin (BTC) and Ethereum (ETH).
McGlone posted on his official social media account on April 14. in the shipment, Ethereum And Nasdaq 100 index (NDX) between positive correlation drew attention. Analyst says Ethereum price after a long hiatus 2,000 dollar level on the US stock markets. decisive that it might have an effect.
Ethereum price approx. 2,000 last year, when it peaked with the dollar August per month NDX for $13,565 Underlining that the company has reached its destination, the analyst said that ETH 1,100 NDX’s decline to $ 10,690 to dollar level regressing noticed that he was following.
In the current process, NDX 2,000 ETH exceeding the dollar level to follow Mentioning that it is possible, McGlone said that from a technical point of view this bull of the market to the renewal or maturing One bear market to the reaction movement you can point stated.
On the other hand, McGlone monetary policies on risk markets effect While the US Federal Reserve (FED) by tightened of the banking crisis to terminate of waiting mistake stated that. In the related words of McGlone, ETH of tightness And NDX it is about to included too risk of their assets can prevent the rise implied.
The analyst made the following statements on the subject:
Don’t blame Ethereum at $2,000 and Bitcoin at $30,000 if risk assets peak, assets may be in the early stages of adjusting to deflation, which is normal in recessions. But the Fed may never relax as much as it did in the past, and permanent deflation may be double-sided.
According to Coinecko data, the latest 30 in a day 23.9% appreciated ETH, end 24 within the hour 6.4% as of writing by experiencing the rise 2.116 traded at the dollar level.