Fund managers dump US stocks at record pace — Can recession fears hurt Bitcoin?

Quick Summary:

Bitcoin price hangs by a threadBitcoin’s price has declined by over 25% two months after establishing a record high of under $110,000 — a dropdown many consider a bull market correction, suggesting that the cryptocurrency may recover in the coming months.“Historically, Bitcoin experiences these types of corrections during long-term rallies, and there’s no reason to believe this time is different,” Derive founder Nick Forster told Cointelegraph, adding however that the cryptocurrency’s next six months depend on how traditional markets (stocks) perform.

Source: BofA Research Adding to the unease, 55% of managers flagged “Trade war triggers global recession” as the top tail risk, up from 39% in February, while 19% worried about inflation forcing Fed rate hikes—both scenarios that could chill enthusiasm for risky assets like Bitcoin.

With a net 69% of surveyed managers declaring the peak of “US exceptionalism,” the data signals a seismic pivot that could ripple into risk assets like Bitcoin, especially given their persistent 52-week positive correlation over the years.

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Article Details

Author / Journalist: Cointelegraph by Yashu Gola

Category: Crypto

Markets: United States

Topics: Managers Cash Market Stocks Fund Price Record Fears Survey March Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 13:00:53 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 611 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27173539

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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Publisher ID: #11

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