GOLDMAN SACHS LOWERS U.S. RECESSION RISK—WHAT DOES U.S. RECESSION RISK MEAN FOR BITCOIN

Goldman Sachs has cut its U.S. recession risk forecast to 20%, citing strong retail sales and lower unemployment data.

The investment giant’s economists believe the Federal Reserve might cut rates by 0.25% in September.

While some think Bitcoin traders may welcome the cut.

Analysts caution that it could also signal a coming recession, which might push Bitcoin lower—similar to the market in 2019 when Bitcoin dropped 35% after Fed cuts.