Bitcoin could face deeper downside as odds of U.S. market meltdown rise to 35%

Bitcoin traded at $67,378 on Monday morning, up 1.1% over the past 24 hours and essentially flat on the week. Ether rose 2.3% to $1,981, BNB gained 1.4% to $624, Dogecoin added 1.8% to $0.09, and Solana climbed 1.8% to $83.69 but remains down 1.5% on the week. XRP was flat at $1.35, down 1% on the week.

Markets outside crypto deteriorated sharply: S&P 500 futures fell more than 2% in Asian trading, the VIX surged to its highest level since April's tariff turmoil, oil moved above $100, and the dollar posted its steepest weekly gain in a year. Veteran strategist Ed Yardeni raised the probability of a U.S.

market meltdown to 35% from 20% and trimmed the odds of a melt-up to 5%. He wrote that the US economy and stock market are 'stuck between Iran and a hard place.' In meltdown conditions, risk assets often suffer as investors shift into cash, Treasuries or the dollar, and bitcoin has historically fallen alongside equities during every major risk-off episode since 2020 despite its hedge reputation.

United States

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