Bloomberg Galaxy Crypto Index could decline another 50 percent, Mike McGlone predicts

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Yaroslav Dmytrenko

26.04.2026

Bloomberg Galaxy Crypto Index could decline another 50 percent, Mike McGlone predicts — Crypto index may approach 1,000 support

Mike McGlone, industry influencer, projects that there could be a substantial buying opportunity in cryptocurrencies if the Bloomberg Galaxy Crypto Index drops further.

According to McGlone, the index might fall to 2,000 from its 2025 high near 4,000, with 1,000 identified as a potential support target due to market oversupply.

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McGlone has previously commented on energy and commodity benchmarks. He noted a doubling of heating oil prices in the first quarter, raising concerns about demand constraints. Earlier analysis also identified $5 corn and $100 WTI crude oil as key price levels for 2026.

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