📉 **Crypto Market News:**
- Bitcoin (BTC) experienced sharp volatility on August 12, falling 3.2% to $57,844, and then rebounding 5% to $60,700 in half an hour.
- Investors are concerned about macroeconomic conditions and a possible retest of the $49,248 level.
- JPMorgan economists have raised the probability of a recession in the US in 2024 to 35%.
- The market is waiting for data on the US PPI and CPI.
Stay informed!