"Bitcoin (BTC) Declines... Similar Trend in Gold and Stocks"

Mike McGlone, a senior macro strategist at Bloomberg Intelligence, stated on the 23rd (local time) via his X (formerly Twitter) that "Bitcoin (BTC), which recently hit an all-time high of $108,268, is currently below $93,000," and "this downward trend applies not only to Bitcoin but also to other assets like gold."

He continued, "However, Bitcoin has recorded the largest drop due to its high volatility," and "while the S&P500 index is not showing a significant decline in the fourth quarter of this year, it is unlikely that this trend will continue into next year."

Meanwhile, BTC is trading at $93,148.23, down 2.15% from the previous day, on the Binance Tether (USDT) market as of 00:54 on the 24th.