In the US, a 40% chance of recession is expected in 2025. Trade wars and macroeconomic uncertainties are increasing this risk. Nic Puckrin, the founder of Coin Bureau, stated that a recession is not certain but could have negative effects on risky assets, particularly cryptocurrencies.

The economic policies of the Trump administration, layoffs, and budget balance could trigger a recession. This uncertainty has led to a decline in the US Dollar Index.

Cryptocurrency markets are struggling due to the US-China trade war. While Bitcoin has experienced a significant drop, some analysts point to the possibility of recovery. Markus Thielen suggests that Bitcoin may have bottomed out in March 2025, and a recovery could occur if Trump shows a softening in tariffs.