Crypto Markets Brace for Recession Worries as Predictions Rise

Economic concerns about a potential U.S. recession are causing ripple effects throughout the crypto markets. Prediction platforms like Polymarket indicate increased chances of an economic downturn in 2025, with a 66% probability reported by Polymarket. This prediction is fueled by a declining US GDP forecast, impacting the sentiment within the market. The Federal Reserve is expected to consider rate cuts, supported by CME Group data that shows a 63% probability of a cut at the upcoming June FOMC meeting. Trading activity on recession bets has also spiked with over $3.8 million traded on Polymarket alone. 2025’s projected recession adds another layer of volatility for the markets. Market analysts predict either Bitcoin reaching a new high of $70,000 or a decline to $58,000 in case unexpected global events unfold. The outlook for crypto assets remains tied closely to macroeconomic factors.