Bloomberg Analyst: Cryptocurrency Breaks Key Support Level, May Continue to Underperform Precious Metals Through 2026

BlockBeats News, February 11th, Bloomberg Intelligence senior commodity strategist Mike McGlone wrote that "Crypto assets versus metals have breached a key support, suggesting the trend may continue into 2026. The chart shows that the Bloomberg Galaxy Crypto Index (BGCI) relative to the Bloomberg Commodity Total Return Subindex (BCOMAMT) has fallen below the prior support around 510. This support level was first established in 2018 (based on 2017 as 100)."