Viewpoint: Trump does not back down in tariff fight, economic recession concerns may stifle BTC recovery prospects

Odaily Planet Daily News: US Treasury Secretary Scott Bessent stated on NBC News last Sunday that he does not rule out the possibility of an economic recession, which may mean that Trump is not yet prepared to back down in the tariff fight. If the stock price continues to fall, it is difficult to imagine that Bitcoin will remain resilient in the long term, especially considering the lack of exciting narratives in the cryptocurrency market. Greg Magadini, Director of Derivatives at Amberdata, analyzed that "whether Trump will change the course of tariffs and his efforts to restore US manufacturing to these price levels are worth paying attention to, but it is unimaginable that risk assets will collapse without affecting cryptocurrencies," and the focus on macroeconomics means that traders will pay attention to Wednesday's Federal Reserve meeting to obtain clues about the central bank's readiness to deploy stimulus measures. （CoinDesk）