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Bitcoin has experienced a significant decline, dropping over 8% this week, which has also negatively impacted altcoins. The market is reacting to weak US labor data and growing recession fears, leading to a decrease in risk appetite among investors. Additionally, regulatory pressures are mounting, with Coinbase facing legal challenges. The Federal Reserve is expected to cut interest rates soon, but the effectiveness of this measure in stabilizing the market remains uncertain. The yield curve has recently flipped positive after its longest inversion ever, signaling potential recession risks. Bitcoin is down 6.3%, and ETH’s volatility has surpassed March levels. Bitcoin SOPR has dipped below 1.0, mirroring bear market signals from 2018 and 2019.
#ICYMI: Bitcoin SOPR dips below 1.0, mirroring bear market signals from 2018 and 2019 Read the full article 👇 https://t.co/zdc3Po4ctj https://t.co/AaplavbXyA
BTC BOUNCE OR BULL TRAP? MACRO’S ABOUT TO RUG PULL? Bitcoin’s bounce back has the streets buzzing, but macro’s looking like a ticking time bomb. The U.S. yield curve just flipped positive after the longest inversion ever - recession vibes are REAL. With a Fed rate cut on the… https://t.co/7XvtoHUrVh
BITCOIN’S BOUNCE: LEGIT OR THE OLDEST TRICK IN THE BOOK? BTC’s uptick feels like déjà vu, but watch the macro - yield curve just flipped after its longest inversion ever. That’s classic recession red flags flashing bright. Fed’s likely cutting rates soon, but don’t expect it to… https://t.co/h40MFTm6AN
