U.S. Economic Concerns and Bitcoin's Resilience Amid Market Volatility

According to Odaily, U.S. Treasury Secretary Scott Bessent indicated on NBC's news program last Sunday that a recession remains a possibility. This suggests that U.S. President Donald Trump may not be ready to back down in the ongoing tariff disputes. If stock prices continue to fall, it is difficult to imagine Bitcoin maintaining its resilience, especially given the lack of compelling narratives in the cryptocurrency market. Greg Magadini, Director of Derivatives at Amberdata, analyzed the situation, noting that it is worth observing whether Trump will alter his tariff strategy and his efforts to restore American manufacturing at current price levels. However, it is hard to envision a scenario where risk assets collapse without impacting cryptocurrencies. The focus on macroeconomic conditions means traders will be closely watching the Federal Reserve meeting on Wednesday for hints about the central bank's readiness to deploy stimulus measures.