The crypto market has shown some resilience recently, especially against the backdrop of strong institutional interest in spot Bitcoin ETFs, and even with Mt. Gox's plan to return billions of dollars in Bitcoin, the market has not seen significant fluctuations. However, the true state of the U.S. economy has appeared weaker than the Fed initially expected in the past 48 hours. The weak ISM index has already hit risk assets, and the Fed's hint of a fall rate cut may not be able to reverse the downward trend of the economy.
If the stock market follows the downward trend of the ISM manufacturing index and the market begins to anticipate an impending recession, stocks may fall sharply in the next few quarters. In this case, Bitcoin may also face a massive sell-off, and the price may fall below $50,000, or even lower. The market is full of uncertainty, and investors need to remain vigilant and be prepared to respond.
