The article discusses the recent market downturn and its impact on both stocks and cryptocurrencies. Major stock indices, including the Dow, S&P 500, and Nasdaq, experienced significant drops. Bitcoin also slipped below $80,000, causing concern among investors. Arthur Hayes, co-founder of BitMEX, had previously forecasted a potential drop to $75,000, which now appears more likely as recent reports show Bitcoin hitting a low of $81,380. Hayes warns that Bitcoin could fall even further if it reaches the $75,000 mark. The market downturn is exacerbated by worries about the U.S. economy, with concerns about government spending and potential tariffs. Additionally, Goldman Sachs lowered its U.S. growth forecast, increasing worries about the economic outlook. While Bitcoin's decline shows its struggle to decouple from traditional assets, technical indicators suggest a possible short-term rebound. The RSI approaching the oversold zone and the negative MACD could indicate a trend change if buying pressure increases. It's important to note that the information in the article is for informational and educational purposes only and should not be considered financial advice.



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