Beware! Black swan risks in the cryptocurrency market under the shadow of economic recession

Although the price of Bitcoin has stabilized recently, the market is not completely worry-free. Economists remind that the increase in personal debt defaults and the rise in unemployment in the United States are two swords hanging over their heads. Any further deterioration may trigger a comprehensive economic crisis and become a "black swan" event in the cryptocurrency market. Looking back at history, drastic market adjustments such as the 312 crash are not impossible to reoccur. If this worst-case scenario comes true, the price of Bitcoin may suffer a heavy blow, with a single-day drop of 20%. In extreme cases, it may even reappear a -40% plunge to around $38,000, repeating the market crash in March 2020. However, there are opportunities in danger. After every major reshuffle in history, a new rising cycle has begun. According to historical data simulation, once the market bottoms out and is accompanied by loose policies such as interest rate cuts, Bitcoin is expected to rise to a new high in the short term, achieving another doubling feat, that is, from $38,000 to $72,200. #Telegram创始人被补