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On April 6, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone stated that if Bitcoin fails to regain and maintain a position above $75,000, its price could drop to around $10,000, which he considers the long-term equilibrium price. McGlone pointed out that $75,000 is a critical technical and psychological level; a successful breakout would invalidate bearish views, while a failure could lead to a continuation of the downward trend. He further noted that Bitcoin had long fluctuated around $10,000 before 2020, which is also a significant trading zone since the launch of futures in 2017. On the other hand, potential stock market turbulence and a decrease in volatility could mean that Bitcoin might face its first-ever consecutive declines by 2026. 'This may signal future trends,' McGlone's comments have drawn criticism from Bitcoin supporters, who argue that his predictions are out of touch with reality, with many citing his history of extreme forecasts to question his accuracy. McGlone had previously predicted in 2018 that Bitcoin would drop to $1,100, while the actual low was $3,000. Additionally, he has issued multiple bearish signals during the 2023-2025 period, such as predicting Bitcoin would struggle to break past highs or would face significant corrections.

[Bloomberg Analyst Claims Bitcoin's Long-Term Equilibrium Price is $10,000]On April 6, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone stated that if Bitcoin fails to regain and maintain a position above $75,000, its price could drop to around $10,000, which he considers the long-term equilibrium price. McGlone pointed out that $75,000 is a critical technical and psychological level; a successful breakout would invalidate bearish views, while a failure could lead to a continuation of the downward trend. He further noted that Bitcoin had long fluctuated around $10,000 before 2020, which is also a significant trading zone since the launch of futures in 2017. On the other hand, potential stock market turbulence and a decrease in volatility could mean that Bitcoin might face its first-ever consecutive declines by 2026. 'This may signal future trends,' McGlone's comments have drawn criticism from Bitcoin supporters, who argue that his predictions are out of touch with reality, with many citing his history of extreme forecasts to question his accuracy. McGlone had previously predicted in 2018 that Bitcoin would drop to $1,100, while the actual low was $3,000. Additionally, he has issued multiple bearish signals during the 2023-2025 period, such as predicting Bitcoin would struggle to break past highs or would face significant corrections.

Bloomberg Analyst Claims Bitcoin's Long-Term Equilibrium Price is $10,000

HTX data showed that BTC broke through 70000  USDT and is now at 70125.56 USDT, with a increase of 4.64% in 24H.

[BTC broke through 70000  USDT] HTX data showed that BTC broke through 70000  USDT and is now at 70125.56 USDT, with a increase of 4.64% in 24H.

BTC broke through 70000  USDT

On April 6, spot gold surpassed $4,700 per ounce, rising 0.54% during the day. The New York futures gold increased its daily gain to 1.00%, currently reported at $4,726.80 per ounce.

[Spot Gold Surpasses $4,700 per Ounce]On April 6, spot gold surpassed $4,700 per ounce, rising 0.54% during the day. The New York futures gold increased its daily gain to 1.00%, currently reported at $4,726.80 per ounce.

Spot Gold Surpasses $4,700 per Ounce

According to 1M AI News, the ChatGPT web interface is experiencing a malfunction, with some users receiving empty responses when attempting to access the service. The status page indicates that this issue has persisted for approximately one hour. The official team has implemented mitigation measures and is currently monitoring the recovery situation.

[ChatGPT Web Interface Malfunction Causes Empty Responses for Some Users]According to 1M AI News, the ChatGPT web interface is experiencing a malfunction, with some users receiving empty responses when attempting to access the service. The status page indicates that this issue has persisted for approximately one hour. The official team has implemented mitigation measures and is currently monitoring the recovery situation.

ChatGPT Web Interface Malfunction Causes Empty Responses for Some Users

On April 6, news from OnchainLens reported that the whale yeti.hl deposited 2.19 million USDC into HyperLiquid 30 minutes ago and purchased 58,884 HYPE at an average price of $37.21 each.

[Whale 'yeti.hl' Acquires 58,884 HYPE at an Average Price of $37.21]On April 6, news from OnchainLens reported that the whale yeti.hl deposited 2.19 million USDC into HyperLiquid 30 minutes ago and purchased 58,884 HYPE at an average price of $37.21 each.

Whale 'yeti.hl' Acquires 58,884 HYPE at an Average Price of $37.21

On April 6, Nasdaq futures increased by 1.07%, Dow futures rose by 0.37%, and S&P 500 futures gained 0.67%. Earlier, media reports cited sources indicating that the U.S. and Iran received a plan for an immediate ceasefire. If an agreement is reached, this plan would facilitate an immediate ceasefire, the reopening of the Strait of Hormuz, and a final agreement within 15 to 20 days. The reports also mentioned that the U.S.-Iran ceasefire agreement could take effect on the 6th. Iranian officials confirmed that they have received the latest ceasefire proposal from the mediator, Pakistan, and are currently reviewing the relevant content. (Dongxin News Agency)

[U.S. Stock Index Futures Rise, Nasdaq Futures Up 1%]On April 6, Nasdaq futures increased by 1.07%, Dow futures rose by 0.37%, and S&P 500 futures gained 0.67%. Earlier, media reports cited sources indicating that the U.S. and Iran received a plan for an immediate ceasefire. If an agreement is reached, this plan would facilitate an immediate ceasefire, the reopening of the Strait of Hormuz, and a final agreement within 15 to 20 days. The reports also mentioned that the U.S.-Iran ceasefire agreement could take effect on the 6th. Iranian officials confirmed that they have received the latest ceasefire proposal from the mediator, Pakistan, and are currently reviewing the relevant content. (Dongxin News Agency)

U.S. Stock Index Futures Rise, Nasdaq Futures Up 1%

On April 6, Kpler data showed that the liquefied natural gas carriers 'Rashida' and 'Dayen' are approaching the Strait of Hormuz. If they successfully pass through, it will mark Qatar's first transportation of liquefied natural gas through the strait since the outbreak of the conflict.

[Qatar's Oil and Gas Transport Approaches Hormuz, Potentially First Navigation Since Conflict Erupted]On April 6, Kpler data showed that the liquefied natural gas carriers 'Rashida' and 'Dayen' are approaching the Strait of Hormuz. If they successfully pass through, it will mark Qatar's first transportation of liquefied natural gas through the strait since the outbreak of the conflict.

Qatar's Oil and Gas Transport Approaches Hormuz, Potentially First Navigation Since Conflict Erupted

On April 6, analyst Alicharts updated several long-term bottom indicator signals for Bitcoin to reference potential bottom points. Key support levels include around $63,111 as shown by URPD, the trend line that has held for nearly a decade between $56,000 and $60,000, the structural bottom of $47,960 indicated by CVDD, and the extreme pain zone of $43,647 marked by MVRV 0.8. Alicharts suggests that investors diversify their funds into the range of $63,000 to $36,000 instead of attempting to precisely predict a single bottom, as the market is currently in a wait-and-see or distribution phase, making it suitable for macro rebound positioning.

[Analyst Updates Multiple Long-Term Bitcoin Bottom Indicators, Recommends Gradual Accumulation Starting at $63,000]On April 6, analyst Alicharts updated several long-term bottom indicator signals for Bitcoin to reference potential bottom points. Key support levels include around $63,111 as shown by URPD, the trend line that has held for nearly a decade between $56,000 and $60,000, the structural bottom of $47,960 indicated by CVDD, and the extreme pain zone of $43,647 marked by MVRV 0.8. Alicharts suggests that investors diversify their funds into the range of $63,000 to $36,000 instead of attempting to precisely predict a single bottom, as the market is currently in a wait-and-see or distribution phase, making it suitable for macro rebound positioning.

Analyst Updates Multiple Long-Term Bitcoin Bottom Indicators, Recommends Gradual Accumulation Starting at $63,000

On April 6, satellite images from the National Aeronautics and Space Administration (NASA) revealed that a significant oil terminal in Russia's Black Sea caught fire following a nighttime drone attack. NASA's Fire Information Resource Management System reported new fire activity in the Novorossiysk port area on Monday, where the Sheskharis terminal operated by the Russian state-owned oil pipeline operator Transneft is located. (Dongxin News Agency)

[NASA Data Shows Fire at Key Russian Oil Terminal in Black Sea]On April 6, satellite images from the National Aeronautics and Space Administration (NASA) revealed that a significant oil terminal in Russia's Black Sea caught fire following a nighttime drone attack. NASA's Fire Information Resource Management System reported new fire activity in the Novorossiysk port area on Monday, where the Sheskharis terminal operated by the Russian state-owned oil pipeline operator Transneft is located. (Dongxin News Agency)

NASA Data Shows Fire at Key Russian Oil Terminal in Black Sea

1. MoneyGram introduces new crypto service;
2. ZkSync adds support for new coding languages on its network;
3. Twitter should be worth ‘hundreds of billions of dollars,’ former CFO says;
4. One quarter of Americans' interest in cryptocurrencies sparked by fears of inflation and struggling economy;
5. Crypto investment firm CoinFund seeks to raise $250 million for its seed fund.

Detail

【Huobi Global Breaking News】1. MoneyGram introduces new crypto service;
2. ZkSync adds support for new coding languages on its network;
3. Twitter should be worth ‘hundreds of billions of dollars,’ former CFO says;
4. One quarter of Americans' interest in cryptocurrencies sparked by fears of inflation and struggling economy;
5. Crypto investment firm CoinFund seeks to raise $250 million for its seed fund.

Huobi Global Breaking News

Article

Iran Launches 96th Wave of Strikes Against US and Israel

Trump Announces Strikes on Iranian Power Plants and Bridges on Tuesday

Trump: Successful Rescue of F-15 Pilot, Press Conference on Monday

OPEC Warns High Costs and Long Repairs for Energy Facilities Will Impact Crude Oil Supply

Trump: Conflict with Iran Should End Within Days

Huobi Global Breaking News

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