BlackRock CEO Sees Crypto Market Crash Potential, Predicting Further Losses

The cryptocurrency market is experiencing a significant downturn after plummeting in recent days. Major coins have lost value, with Bitcoin dipping below $76,000 and global crypto market capitalization falling over 10% to $2.52 trillion. This decline has left investors wondering if it’s a short-term dip or the beginning of a deeper correction. BlackRock CEO Larry Fink adds fuel to the fire by warning about potential losses for both traditional and crypto markets, predicting another 20% drop in equity prices. His pessimistic outlook raises questions about whether we are currently experiencing a recession.