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Bitcoin Slides as Recession Fears and Trade War Tensions Mount

  • Market expert Nic Puckrin estimates a 40% chance of recession, noting that the current landscape is unfavorable for risk assets like cryptocurrencies.
  • Investor sentiment has been shaken, contributing to a decline in the U.S. Dollar Index (DXY) as capital flows toward European markets.
  • Tariffs imposed by President Trump have intensified market instability, triggering a significant sell-off in the crypto sector.
  • Some experts see signs that Bitcoin could be nearing a bottom, depending on the outcome of trade negotiations.

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