BlackRock CEO Issues ‘Serious’ Warning As Bitcoin Crash Fears Suddenly Surge
Bitcoin has fallen sharply below $80,000 following consumer price index data showing prices are spiraling and government spending is at its highest since 2021. The drop follows a September rally that pushed bitcoin toward $90,000. Meanwhile, BlackRock CEO Larry Fink warned that the $40 trillion U.S. debt pile is having a serious effect on credit demand. Fink also warned that the U.S. will enter a recession if the artificial intelligence data center buildout halts. Additionally, analysts note the Federal Reserve is expected to hike interest rates before the end of 2026. FxPro chief market analyst Alex Kuptsikevich stated that the crypto market accelerated its decline after a sell-off in big tech stocks and core inflation exceeding expectations.#btc
Bitcoin has fallen sharply below $80,000 following consumer price index data showing prices are spiraling and government spending is at its highest since 2021. The drop follows a September rally that pushed bitcoin toward $90,000. Meanwhile, BlackRock CEO Larry Fink warned that the $40 trillion U.S. debt pile is having a serious effect on credit demand. Fink also warned that the U.S. will enter a recession if the artificial intelligence data center buildout halts. Additionally, analysts note the Federal Reserve is expected to hike interest rates before the end of 2026. FxPro chief market analyst Alex Kuptsikevich stated that the crypto market accelerated its decline after a sell-off in big tech stocks and core inflation exceeding expectations.#btc