Bitcoin flirted with $86K like it was auditioning for a rom-com, only to ghost us and dip below $85K by afternoon. Meanwhile, economists are screaming “RECESSION!” like it’s a fire drill. 🚨
BTC Plays Hard to Get at $86K
Bitcoin (BTC) briefly hit $86K on Tuesday morning, which is basically the crypto equivalent of a mic drop. But then, like a moody teenager, it retreated. This all happened while 46 economists—yes, 46—polled by Wolters Kluwer said there’s a 47% chance the U.S. economy will nosedive into a recession by year-end. Thanks, USA Today, for the buzzkill. 🙃
Market Metrics: The Numbers That Make You Go “Hmm”
As of now, Bitcoin’s chilling at $84,771.63, up 0.68% in the last 24 hours and 9.04% over the week. It’s been trading between $83,743.33 and $86,429.35, which is basically the financial version of “Netflix and chill.” Trading volume dropped 15.87% to $29.73 billion, because apparently, even crypto traders need a break sometimes. 💤
Bitcoin’s market cap is now $1.69 trillion, which is more than the GDP of some countries. Its dominance also rose to 63.85%, meaning it’s still the queen bee of the crypto hive. 🐝
Coinglass data shows the derivatives market is as calm as a yoga class, with total liquidations at just $659,180. Short sellers got the short end of the stick, losing $482,570, while long liquidations were a mere $176,610. Futures open interest dipped 3.22% to $54.91 billion, because traders are apparently playing it cool. 🧘♂️
Recession Warnings: Because We Needed More Drama
Back in February, economists thought there was a 25% chance of a recession. Now, they’re saying it’s 47%. Thanks, Trump’s tariffs, for making life spicy. 🌶️ Hedge fund billionaire Ray Dalio is even more dramatic, warning of “something worse” than a recession if the tariff situation isn’t handled well. Cheers, Ray, for the existential dread. 😬
The U.S. Dollar Index is at a 3-year low, while Bitcoin’s been slowly climbing. It’s like the dollar’s the sad friend at the party, and Bitcoin’s the one stealing the show. 🎉
“We’re at a decision-making point and very close to a recession,” Dalio said during a Sunday NBC interview. “And I’m worried about something worse than a recession if this isn’t handled well.” Cool, cool, cool. No pressure. 😅
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2025-04-15 19:27