Bitcoin Faces Downside Risks as Odds of U.S. Market Meltdown Rise to 35%

Key Facts

1Strategist Ed Yardeni raised the probability of a stock market crash this year to 35%.

2Oil prices topped $100 per barrel as the Iran conflict expands to include Saudi Arabia.

3The U.S. dollar posted its best weekly performance in a year, putting pressure on risk assets.

Veteran strategist Ed Yardeni has raised the probability of a U.S. stock market crash this year to 35%, citing growing macroeconomic instability. This warning comes as oil prices surged past $100 per barrel following the expansion of the Iran conflict to include Saudi Arabia. Additionally, the U.S. Dollar (DXY) recorded its strongest weekly performance in a year, creating significant headwinds for risk-on assets. Bitcoin (BTC) remains particularly vulnerable to these developments as investors shift toward safe-haven assets amid intensifying geopolitical tensions. Analysts suggest that the combination of high energy costs and a dominant dollar could trigger a broader 'risk-off' sentiment across global markets. Consequently, the outlook for speculative assets remains bearish as the likelihood of a market meltdown continues to rise.