Bitcoin's weekend gains vanished as the Federal Reserve warned of a potential recession.

Bitcoin Drops 10% As Recession Seems Near

The price of Bitcoin has shown extreme volatility over the past few days. Last week, the Crypto Fear and Greed Index hit its lowest level since 2022, and Bitcoin looked very bearish due to several key factors.

Yesterday, Trump announced a crypto reserve that caused token prices to pump. However, that forward momentum has completely vanished today.

There are a few reasons that Bitcoin is looking so bearish right now. Essentially, Trump’s announcement may have only slapped a bandage on a very serious wound.

Last week, Bitcoin ETFs had their worst week ever, with $2.7 billion in outflows, as the Federal Reserve Bank of Atlanta predicted a 1.5% GDP decrease. Today, it has become even more pessimistic.

The Fed is now predicting that the US GDP will shrink 2.8% by the end of Q1 2025. From an economic perspective, this is apocalyptic compared to its predictions four weeks ago, which showed 3.9% growth.

Another important factor contributing to Bitcoin’s volatility is President Trump’s proposed tariffs. Some analysts have theorized that they aren’t the main cause, and that’s probably true.

However, the crypto market crashed when Trump recently announced 25% tariffs on the EU, joining ones on Canada, Mexico, and China.

If the US economy enters a recession, however, the downsides of that integration will fully reveal themselves.

#bitcoin #CryptoReserve #crypto #Trump #recession #USGDP #FED #bearish #Cryptocrash

Ethereum Spot ETF Experiences Significant Net Outflow of $41.82 Million.

On the same day, the Grayscale #ethereum Trust ETF (ETHE) saw a single-day net outflow of $11.66 million, bringing its historical net outflow to $4.075 billion. Meanwhile, the #Grayscale Ethereum Mini Trust ETF reported no net #outflow , maintaining a historical total net inflow of $605 million. As of the latest update, the total net asset value of Ethereum spot ETFs stands at $8.063 billion, with an ETF net asset ratio of 3.02% relative to Ethereum's total market capitalization. The historical cumulative net #inflow has reached $2.819 billion.

🚨 Blackrock sells 5002 Bitcoin

Largest ever outflow

#bitcoin #outflow #blackrock #sell

🚨Blackrock Sells 1865 Bitcoin - IBIT's Second largest outflow since launch

🚨Fidelity Sells 3920 Bitcoin - Largest sell-off since ETFs launched

#bitcoin #BTC #sell #bearmarket #blackrock #fidelity #ETF

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According to a report by asset manager ARK Invest released on July 18, Bitcoin became oversold in June after the German government initiated a multibillion-dollar sell-off of 50,000 BTC. These bitcoins were seized in a 2020 police sting against Movie2k, a streaming platform for pirated content.

The sell-off caused Bitcoin prices to drop from highs above $70,000 in early June to below $55,000 during a brief dip in July.

"Based on short-term holder realized profits/losses and miner outflows, Bitcoin appears oversold," the report states, which covers data through June 30 and includes more recent figures. "Current levels of miner outflows suggest that miners are capitulating, which could signal a bullish reversal."