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Bitcoin Bounces 4% as Market Seeks Relief

Bitcoin rebounds to $81K alongside U.S. stock futures, as analysts suggest an 89% probability that the market bottom is in.

• Main Points:

  • Bitcoin gained 4%, recovering from a four-month low of $76.6K.

  • U.S. stock markets suffered steep losses, with the S&P 500 down 2.7% and Nasdaq 4%.

  • Analysts suggest a short squeeze could be imminent amid extreme fear.

  • The VIX volatility index signals a potential market bottom, seen only 11% of the time since 1990.

  • RSI analysis indicates a possible short-term BTC price pump.

• Detailed Insights:

  • BTC rebounds to $81K after a brutal market sell-off.

  • Nasdaq 100 futures show slight recovery after hitting September 2024 lows.

  • VIX readings suggest an 89% probability that the stock market bottomed.

  • RSI bullish divergence hints at a short-term BTC rally.

  • Analysts warn of broader economic downturns impacting risk assets.

Related: Crypto Market Down: Outflows and Policy Headwinds

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Investors Flee as JPMorgan Raises Recession Odds to 40%

Stocks and crypto tumble as JPMorgan increases the U.S. recession risk to 40%, with markets losing billions in value.

• Main Points:

  • JPMorgan raises U.S. recession risk from 30% to 40%, citing extreme policies.

  • Goldman Sachs increases its recession probability from 15% to 20%.

  • The S&P 500, Nasdaq, and Dow Jones saw steep declines, erasing post-election gains.

  • The "Magnificent 7" tech stocks lost $750B in market cap, with Tesla plunging 15%.

  • The crypto market cap dropped 7.5% to $2.6T, with Bitcoin hitting $76.7K before recovering.

• Detailed Insights:

  • JPMorgan warns of a "material risk" of recession in 2025.

  • Morgan Stanley lowers U.S. GDP growth forecasts for 2025 and 2026.

  • White House officials downplay recession fears, citing "optimistic" economic indicators.

  • Nasdaq falls 14% in three weeks, its worst performance since 2022.

  • Bitcoin breaks key support, briefly falling 4% before rebounding to $79K.

Related: Strategy’s Bitcoin Profit Soars Despite Market Downturn

Bitcoin Rebounds Above $80K Amid Market Uncertainty

BTC recovers after dipping to $76.6K, but weak ETF demand and macroeconomic risks fuel volatility.

• Main Points:

  • Bitcoin dropped to $76,606 before rebounding above $80K on Tuesday.

  • U.S. Bitcoin ETFs saw $278M in outflows, continuing last week’s $739M trend.

  • CPI and PPI data this week could increase market turbulence.

  • Large BTC transfers from Mt. Gox raise concerns over potential selling pressure.

  • RSI signals fading bearish momentum but needs confirmation for sustained recovery.

• Detailed Insights:

  • BTC’s 3% drop triggered $955M in liquidations, mainly affecting long traders.

  • Ongoing trade tensions and inflation worries impact investor sentiment.

  • U.S. job market shows resilience but faces inflation-driven wage pressures.

  • Institutional demand weakens as ETF outflows persist, raising correction risks.

  • Bitcoin’s RSI bounced from oversold territory, hinting at a possible trend reversal.

Related: Monte Carlo Model: Bitcoin’s $713K Peak Forecast

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results