Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    150x Leverage – Zero Fees – gTrade Is the New Alpha! (July 2025)

    July 3, 2025

    Whales eye this $0.003333 memecoin that could jump 9000%

    July 3, 2025

    Stablecoins supply crossed $250b on investor optimism: Binance report

    July 3, 2025
    Facebook X (Twitter) Instagram
    Cryptify Now
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Typography
    • Buy Now
    X (Twitter) Instagram YouTube LinkedIn
    Cryptify Now
    You are at:Home » Bitcoin and altcoins at risk after Goldman Sachs, Blackrock, Citi warning
    Crypto

    Bitcoin and altcoins at risk after Goldman Sachs, Blackrock, Citi warning

    James WilsonBy James WilsonApril 8, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Bitcoin and other altcoins could be at risk as the biggest players on Wall Street warn about the state of the market.

    Bitcoin (BTC) price held steady on February 8 and reached an intraday high of $79,300 as investors bought the dip. Other altcoins were also up for the day, with Ethereum (ETH), Ripple (XRP), and Binance Coin (BNB) rising by over 3%. The other top-performing coins were JasmyCoin (JASMY), Core (CORE), and Zcash (ZEC), which rose by over 18%.

    The stock market was also upbeat, with futures tied to the Dow Jones, S&P 500, and Nasdaq 100 indices climbing nearly 2%. The rebound came after Donald Trump showed some flexibility on tariffs by agreeing to meetings with countries like Japan and Vietnam.

    Wall Street banks warn on recession and US stocks

    Still, Wall Street analysts continue to warn about the Liberation Day tariffs, which some see as a black swan event that will cause more damage to the economy. 

    On Monday, Goldman Sachs raised its recession odds to 45%. In a separate note on Tuesday, the bank downgraded US stocks from “overweight” to “neutral.” Another team of Goldman analysts warned that the US equity market may be entering a prolonged bear cycle.

    Meanwhile, Blackrock’s Larry Fink warned that most executives he’s spoken with are increasingly worried about a recession. That carries weight, given BlackRock’s status as the largest asset manager globally with $11 trillion in assets.

    Other Wall Street institutions have echoed these concerns. Citi recently downgraded US equities and advised investors to pivot toward Asia-based markets.

    These forecasts matter for crypto markets because of the close correlation between Bitcoin, altcoins like ETH and XRP, and broader risk assets. Historically, these asset classes have tended to move in the same direction.

    Bitcoin and altcoins have a silver lining

    On the positive side, Bitcoin and altcoins could benefit if the US enters a recession and equities tumble. In that scenario, the Federal Reserve would likely be forced to step in.

    Pressure is already mounting on the Fed from both the market and the Trump administration to act before the situation worsens. Trump has cited weakness in the bond market and falling oil prices as reasons for a preemptive rate cut.

    Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place. This is…

    — Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) April 7, 2025

    Further, the derivatives market now prices a 44% chance of a Fed cut in its meeting in May, up from 10 a week ago. Also, Goldman Sachs has predicted that the bank will cut rates three times in the year’s second half.

    A dovish Federal Reserve would likely be a catalyst for risky assets like Bitcoin, altcoins, and the stock market. A good example is what happened during the COVID-19 pandemic when the Fed slashed rates to zero and implemented quantitative easing policies. 





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleXRP price forms doji after bullish Ripple news, gains to be short-lived
    Next Article U.S. DOJ disbands the National Cryptocurrency Enforcement Unit: report
    James Wilson

    Related Posts

    150x Leverage – Zero Fees – gTrade Is the New Alpha! (July 2025)

    July 3, 2025

    Whales eye this $0.003333 memecoin that could jump 9000%

    July 3, 2025

    Stablecoins supply crossed $250b on investor optimism: Binance report

    July 3, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Remittix (RTX) hits $4m presale as XRP holders take notice

    February 4, 2025

    Here’s why OKB price spiked 20% today

    February 4, 2025

    iDEGEN price prediction: Is this the AI agent token to buy?

    February 4, 2025

    Gate.io to list CYBRO token on Dec 14 after $7M presale success

    February 4, 2025
    Don't Miss

    150x Leverage – Zero Fees – gTrade Is the New Alpha! (July 2025)

    By James WilsonJuly 3, 2025

    👾 Yo — it’s Altie here, your on-chain, hoodie-rocking guide to all things crypto. If…

    Whales eye this $0.003333 memecoin that could jump 9000%

    July 3, 2025

    Stablecoins supply crossed $250b on investor optimism: Binance report

    July 3, 2025

    The ‘Venmo moment’ for crypto? Binance Pay’s scan-and-send upgrade gets us close

    July 3, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us
    About Us

    CryptifyNow: Your daily source for the latest insights, news, and analysis in the ever-evolving world of cryptocurrency.

    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    150x Leverage – Zero Fees – gTrade Is the New Alpha! (July 2025)

    July 3, 2025

    Whales eye this $0.003333 memecoin that could jump 9000%

    July 3, 2025

    Stablecoins supply crossed $250b on investor optimism: Binance report

    July 3, 2025
    Lithosphere News Releases

    Colle AI’s iOS App Launch Brings Multichain NFT Creation to Mobile

    February 4, 2025

    AGII Transforms Web3 Infrastructure with AI-Optimized Smart Contracts

    February 4, 2025

    Colle AI (COLLE) Allocates $250M for AI Tool Development and Liquidity Growth on Solana

    February 4, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.