Benzinga(@Benzinga):Bloomberg Intelligence’s Mike McGlone says Bitcoin ($BTC) could fall to $10,000 if the S&P 500 drops 20%. He calls Bitcoin’s rebound from $66K to nearly $87K a “bear market bounce” and warns it remains highly tied to equities.

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Bloomberg Intelligence’s Mike McGlone says Bitcoin ($BTC) could fall to $10,000 if the S&P 500 drops 20%. He calls Bitcoin’s rebound from $66K to nearly $87K a “bear market bounce” and warns it remains highly tied to equities.

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