BlackRock and JPMorgan Offer Gloomy Forecasts for 2025

The cryptocurrency market faces uncertainty as prominent financial institutions weigh in on their economic predictions. Amidst a pause in talks between the U.S. and China, Ethereum has fallen to its $1,500 level, raising concerns. The Federal Reserve’s silence ahead of its meeting adds to this growing anxiety. BlackRock CEO Larry Fink paints a pessimistic outlook for cryptocurrency investors, predicting significant losses. His bleak assessment highlights the potential for further downturns in the crypto space, exacerbating existing risks.