Larry Fink warns of a U.S. recession, predicting more market volatility, with Bitcoin facing challenges amid broader economic instability – IcoHolder.

Larry Fink, CEO of BlackRock, has raised alarms about the U.S. economy, suggesting that the country may already be in a recession. His comments come amidst a significant downturn in both the stock market and the cryptocurrency market, with recent movements signaling continued instability.

Since the beginning of April 2025, the S&P 500 index has plummeted by more than 10%, currently standing at $5,062.24. Fink predicts that the stock market could face another 20% drop due to the economic challenges posed by aggressive tariff policies. These tariffs, implemented by President Donald Trump, have exacerbated inflation and led to rising prices across various sectors. Despite speculation that the U.S. Federal Reserve might lower interest rates in the coming months, Fink dismissed such rumors, warning that the economy requires pro-growth policies, including deregulation, rather than more rate cuts.

The uncertainty in the stock market mirrors the struggles of the cryptocurrency market, particularly Bitcoin. Recently, Bitcoin’s 50-day Simple Moving Average dropped below its 200-day counterpart, forming a 'Death Cross'—a pattern traditionally viewed as a bearish signal. Bitcoin has seen a 4.13% decline in April alone, and just before the death cross formation, its price dipped by over 6%. At present, Bitcoin is valued at $79,060, and experts note that the cryptocurrency market is closely following the trends of the broader U.S. economy, particularly the tech sector.

Fink’s concerns extend beyond the immediate volatility. He suggests that the market's recent falls could present a long-term buying opportunity for those willing to weather the storm. This perspective aligns with the views of many crypto advocates, including Michael Saylor, who has previously stated that volatility will ultimately weed out short-term investors, leaving ample opportunities for long-term players.

As the U.S. economy grapples with uncertainty, Fink’s warning serves as a stark reminder of the challenges ahead, both for traditional markets and the evolving crypto landscape.