On Monday, there was a sharp drop in the value of bitcoin amid a large-scale sale of high-risk assets. According to CoinDesk, by noon Moscow time, the Bitcoin exchange rate had decreased by 10.8%, reaching $52,827. Over the past week, the cryptocurrency has lost more than a fifth of its value, although it has still shown an increase of almost 26% since the beginning of the year. Ethereum is also experiencing a significant drop, dropping 15.3% to $2,330, which is the biggest decline since 2021. The Japanese stock market posted a record 12.4% drop, the highest since 1987. Futures for the US Nasdaq Composite index are also down 4.2%. The reason for the massive sell-off of risky assets was growing concerns about a possible recession in the United States after the publication of disappointing economic data last week. Goldman Sachs analysts have increased the probability of an economic downturn in the United States in the coming year from 15% to 25%. Markets also expect that the Federal Reserve may hold an unscheduled meeting this week and cut the key rate by 0.25 percentage points with a 60% probability.
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