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The most oversold stocks in the industrials sector are drawing attention as potential opportunities to buy undervalued companies. The latest screen highlights major industrials names with a relative strength index (RSI) near or below 30. TaskUs, Inc. (NASDAQ: TASK) On March 23, Wedbush maintained TaskUs with an Outperform rating and…
Bitcoin and Ethereum’s dominance is being challenged in a new outlook from Bloomberg Intelligence strategist Mike McGlone, who says an unexpected contender is positioning itself to overtake both. McGlone points to Tether (USDT), arguing that the stablecoin’s rise is only getting started while the two largest cryptocurrencies may face a different trajectory.
McGlone, a senior macro strategist at Bloomberg Intelligence, singled out Tether (USDT) as the asset most likely to reshape the crypto market hierarchy in the near future. He said capital is gravitating toward instruments that maintain stability and utility, particularly in uncertain macro conditions, with USDT leading that shift.
He also discussed a “flippening” scenario, but not the commonly cited one in which Ethereum overtakes Bitcoin. Instead, McGlone expects the stablecoin to move up the rankings: “I expect the ‘flippening’ to continue, with Tether’s AUM topping Ethereum in 2026 and eventually Bitcoin,” he wrote.
The relative gap has narrowed over the past year. Ethereum’s market capitalization is approximately $272 billion, while Tether’s market cap is around $184 billion.
McGlone’s note also highlights Tether’s growth rate. A year ago, Tether’s market cap was $144.2 billion, representing 27.6% growth over the period. Tether controls about 58% of the global stablecoin market cap. Together with USDC, the two account for around 82% of total stablecoin capitalization.
McGlone pairs the stablecoin outlook with a bearish stance on Bitcoin. He says there is a “huge possibility” that Bitcoin could fall to as low as $10,000.
He describes Bitcoin as being in a prolonged corrective phase after its 2025 all-time high. In the accompanying chart, Bitcoin is shown alongside equity market moves, with the implication that if equities roll over, Bitcoin may follow.
The chart referenced in the commentary compares Bitcoin’s yearly candles with the S&P 500 index and includes an 180-day volatility reading. McGlone cites stock market volatility at 12.5, describing it as too low for 2026. He adds that a reversal in that volatility trend could contribute to further declines for Bitcoin, which he says is already showing signs of rejection above $70,000.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
