Tensions in the global economy have intensified following China’s swift response to the U.S.’s latest trade measures. On Kalshi, the probability of a U.S. recession in 2025 has jumped to 61%, while Polymarket shows a similar spike to 57%, marking a notable surge from just 20% earlier this year. For now, with Bitcoin rebounding on strong U.S. job data, the market’s focus remains fixed on upcoming CPI figures and Powell’s stance, which could dictate crypto’s near-term trajectory.
Author: Ishika Kumari
Published at: 2025-04-05 21:00:14
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