The price of Bitcoin has turned bearish after its weekend gains disappeared. While Trump's announcement of a crypto reserve briefly halted negative momentum, underlying macroeconomic problems persist. Trump's tariffs on trading partners and the Federal Reserve's prediction of a significant decline in US GDP suggest a broader recession that will impact the crypto industry. Bitcoin's extreme volatility and recent market liquidations further contribute to its bearish outlook. The integration of crypto into traditional finance will reveal its downsides if the US economy enters a recession.
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