$SAGA
Heating UpSnapshot Window: 2026-09-20 17:00 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
INSIGHT: Bloomberg Intelligence’s Mike McGlone warns crypto faces a “lose-lose” scenario as its strong correlation with stocks and greater volatility leave it vulnerable whether markets rise or fall.
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AI visual note: A line chart titled "Post-Glory Days - Cryptos vs. Central Bank Hikes" tracks the Bloomberg Galaxy Crypto Index/S&P 500 Total Return Index (R1) against the Fed funds future in one year (FF13) from 2018 through 2026, with crypto values ranging from 95.00 to 100+ and Fed funds levels from 100 to 500+. The overlapping trajectories illustrate the strong correlation between crypto and equities highlighted in Mike McGlone's "lose-lose" insight, showing how the two assets have moved in tandem and making crypto vulnerable to stock market swings in either direction.