McRib Is Back, and Bitcoin’s Weirdest Bullish Indicator Lives On

Crypto proponents are once again entertaining the curious connection between McDonald’s McRib and bitcoin prices, as the fast-food giant announced the limited-time sandwich will return Oct. 27, reigniting speculation over whether its comeback might serve up a bullish helping of bitcoin price action. Bitcoin Traders Revisit the McRib’s Peculiar Market Connection Over the past two […]
Key Takeaways
- Crypto proponents are once again entertaining the curious connection between McDonald’s McRib and bitcoin prices, as the fast-food giant announced the limited-time sandwich will return Oct.
- 27, reigniting speculation over whether its comeback might serve up a bullish helping of bitcoin price action.
- Bitcoin Traders Revisit the McRib’s Peculiar Market Connection Over the past two […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Capital Research Raises Metaplanet Voting Stake To 11.11%
Capital Research’s reported Metaplanet voting stake crossed 10%, with the company’s October buyback also affecting the calculation.
Bitcoin Loses $80,000 as $200 Million in Leverage Unwinds in an Hour
Bitcoin (BTC) slipped below $80,000 on Saturday as more than $200 million in crypto positions were liquidated within an hour. Traders betting on higher prices accounted for $191.33 million of that total. Ethereum (ETH) fell alongside the leading crypto.…
Bitcoin Keeps Reversing. Why Are 80% of Crypto Tokens Falling?
Bitcoin has spent October making both bulls and bears look foolish. It slipped below $80,000 last week, recovered toward $84,000 this week, then fell back toward $81,000. Each bounce has looked promising. Each reversal has exposed how little confidence there…