Crypto Token Tracker logo Crypto Token Tracker logo
Coin Edition 2025-03-11 11:30:00

Recession Fears Spark Market Sell-Off; Bitcoin Plunges Anew

U.S. stocks and Bitcoin experience significant declines amid recession fears. Arthur Hayes’s Bitcoin price prediction of $75,000 gains credibility with market downturn. Bitcoin struggles to decouple from traditional markets, showing potential for short-term rebound. Worries about a recession sent markets tumbling, hitting both stocks and crypto. On Black Monday, U.S. stock indices took a dive : the Dow shed 2%, the S&P 500 dropped 2.7%, and the Nasdaq nosedived 4%. Major firms like Tesla, Apple, and Nvidia all took a beating, with Tesla falling sharply by 15.4%. At the same time, Bitcoin slipped below $80,000, its second dip in three weeks, rattling investor nerves. Hayes’ Bitcoin Prediction Looks More Likely Arthur Hayes, co-founder of BitMEX, has been flagging potential market corrections, especially for Bitcoin, for some time. Hayes previously suggested Bitcoin might drop to $75,000, a forecast that now looks increasingly possible. Recent reports show Bitcoin actually hit a low of $81,380, getting closer to Hayes’s predicted price level. In his latest comments , Hayes reiterated his belief that Bitcoin could fall even further if it hits the $75,… The post Recession Fears Spark Market Sell-Off; Bitcoin Plunges Anew appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.