Is a soft landing turning into a hard landing? Trump's policy shift has caused panic on Wall Street.
Recent remarks and policies from Trump and his senior advisors indicate a "disregard" for risks such as trade uncertainty, stock market declines, and even short-term inflation increases. JPMorgan believes that the risk of economic recession has risen from 30% to 40%. An Analyst stated that the market has returned to a state of "recession watch".
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Market sell-offs and economic uncertainty have led Bitcoin to face further declines: waiting for key signals from the Federal Reserve.
Due to the increase in tariffs by the USA and concerns about economic recession causing a significant change in investor sentiment, the landscape of Cryptos shows great vulnerability to macroeconomic factors. Bitcoin recently broke below the $80,000 level both digitally and psychologically, indicating a heightened level of caution among traders. Bitcoin fell to around $76,500 at its lowest point, followed by a slight rebound. The performance of Ethereum has not been much better, as its value has dropped over 11%, with the current trading price around $1,850, marking its lowest level since October 2023.
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