On March 10, fears of a potential US recession prompted significant selloffs in crypto and tech stocks. JPMorgan has increased its recession risk estimate for this year to 40%, an increase from 30% at the start of 2025, citing extreme US policies as a contributing factor. Economists at Goldman Sachs also raised their recession probability to 20%, warning that this could rise if the Trump administration remains committed to its current policies despite negative economic data. In contrast, Kevin Hassett, head of the National Economic Council, suggested there are optimistic indicators for the US economy. However, stock markets closed in the red on March 10, with the S&P 500, Nasdaq, and Dow Jones each experiencing significant declines. The S&P 500 has decreased nearly 10% since last month, while the tech-heavy Nasdaq has fallen 14% in three weeks. Tesla led the losses among major tech firms, dropping 15%. Meanwhile, the cryptocurrency market cap fell by $240 billion, with Bitcoin dropping to $76,784 before a slight recovery. The situation reflects ongoing volatility in both traditional and digital asset markets amid economic uncertainty.

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