Analyst: Crypto Assets Break Below Key Support Level Relative to Metals, Trend May Continue Through 2026

Odaily News According to a post on X by Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, "Crypto assets have broken below a key support level relative to metals, suggesting this trend could continue through 2026. The chart shows the ratio of the Bloomberg Galaxy Crypto Index (BGCI) to the Bloomberg All Metals Total Return Sub-Index (BCOMAMT) has fallen below the previous resistance level around 510. This resistance level was initially established in 2018 (based on a 2017 baseline of 100)."