Opinion: Trump has not backed down in the tariff fight, recession concerns may stifle BTC recovery prospects

Odaily Planet Daily News: U.S. Treasury Secretary Scott Bessent said on NBC News last Sunday that he did not rule out the possibility of a recession, which may mean that Trump is not ready to back down in the tariff fight. If stock prices continue to fall, it is difficult to imagine that Bitcoin will remain resilient in the long run, especially considering the lack of an exciting narrative in the crypto market. Amberdata derivatives director Greg Magadini analyzed: "Whether Trump will change the course of tariffs and his efforts to restore U.S. manufacturing to these price levels are worth paying attention to, but it is impossible to imagine that risk assets will collapse and cryptocurrencies will not be affected." The focus on the macro economy means that traders will pay attention to the Federal Reserve meeting on Wednesday for clues about the central bank's preparations to deploy stimulus measures. (CoinDesk)