📈#Bitcoinfluctuated strongly on August 12, falling 3.2% to $57,844 and then rising 5% to $60,700 in just 30 minutes! Macroeconomic uncertainty and Fed Governor's speech pushed gold prices up to $2,458.

- The biggest economic risk for BTC is a recession.

- JPMorgan raises the probability of a US recession in 2024 to 35%.

- Fed warns of inflation and weak labor market, reducing the possibility of interest rate cuts.

📊 BTC futures decline, lack of leverage demand from bulls. Market sentiment remains neutral despite price drop below $50,000.

- 'Cash and carry' strategy reduces dependence on retail trading.

- CME accounts for 29% of market share, showing a shift to professional trading.

💬 What do you think about the BTC price movement? Comment below!#CryptoNews#Blockchain#Finance#Tech