According to a recent analysis by COINOTAG, BlackRock’s CEO has echoed concerns regarding the potential onset of a recession in the U.S. economy, suggesting that a significant number of entrepreneurs share this sentiment. The implications of the Trump administration’s tariff policy are anticipated to contribute to rising inflationary pressures, complicating the Federal Reserve’s ability to implement interest rate cuts. Fink has even posited that the market could decline by approximately 20% in the near term, although he views the current pricing as a possible long-term buying opportunity.
In light of ongoing challenges and increased macroeconomic risks, analysts at Bitunix have noted a growing sense of risk aversion among investment banks. This sentiment is largely attributed to the negative outlook on economic stability coupled with anticipated high tariffs. However, Bitcoin (BTC) has demonstrated resilience, bouncing back after stabilizing around the 75K mark, which hints at renewed capital inflow. Should BTC maintain its position above 78.5K, it may challenge the critical 83K resistance; conversely, a drop below could see the cryptocurrency retreat to the 74K – 73K range.