According to Golden Finance, cryptocurrency analysts pointed out that Bitcoin has turned bearish and its weekend gains have completely evaporated. While Trump’s statement on cryptocurrency reserves briefly prevented the downward momentum, potential macroeconomic problems remain. Bitcoin’s price has shown great volatility over the past few days. Essentially, Trump’s statement may just be a superficial treatment of a very serious problem. Last week, the cryptocurrency fear and greed index fell to its lowest level since 2022, and Bitcoin is currently so bearish for several reasons: First, the macroeconomic situation does not constitute a bullish factor for cryptocurrencies, and the Atlanta Fed GDPNow model now expects that U.S. GDP will shrink by 2.8% by the end of the first quarter of 2025. From an economic perspective, this forecast is disastrous compared to the 3.9% growth forecast four weeks ago. Another important factor is the tariff policy proposed by Trump. Although some analysts believe that tariffs are not the main reason. However, the cryptocurrency market plummeted when Trump recently announced a 25% tariff on the EU. In other words, macroeconomic factors have largely affected the market sentiment of the cryptocurrency industry. Since the approval of the spot Bitcoin ETF, cryptocurrencies have been deeply integrated with traditional finance. So if the US economy falls into recession, the disadvantages of this integration will be fully revealed.