Bloomberg Analyst: Crypto Assets Fall Below Key Support Level, May Continue to Underperform Precious Metals in 2026
BlockBeats News, February 11, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone stated in an article, "Crypto assets have fallen below a key support level relative to metals, indicating that this trend may continue into 2026. The chart shows that the ratio of the Bloomberg Galaxy Crypto Index (BGCI) to the Bloomberg All Metals Total Return Subindex (BCOMAMT) has broken below the previous resistance level of around 510. This resistance level was first established in 2018 (with 2017 as the base year at 100)."
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