Analyst flags two commodities that may follow Bitcoin’s slide

Some of the market’s most-watched assets have swung hard in 2026, and many of them have followed the same path. Mike McGlone, senior commodity strategist at Bloomberg Intelligence, Bloomberg’s research arm, says that path may not be finished. In a post on X, he warned that a “pump-then-dump” pattern across Bitcoin and several commodities “may spread into year-end.” Related: What Elon Musk's Trump Accounts gift would look like in Bitcoin Nine assets share one pattern McGlone lists nine assets that have shown this pattern of sharp gains followed by steep declines this year. They are U.S. natural gas, Bitcoin, gold, silver, platinum, palladium, lead, nickel and iron ore. The list spans crypto, energy, precious metals and industrial metals, which are markets that usually move on very different drivers.

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