The latest research report indicates that despite positive signals from the crypto market such as the growing interest of institutional investors in physical Bitcoin ETFs and the resilience of Bitcoin prices in the face of a large influx of returned Mt. Gox bitcoins, the recent performance of the US economy has significantly fallen short of the Federal Reserve’s expectations over the past 48 hours. The weak ISM index is putting pressure on risk assets. More alarmingly, even with the Fed hinting at lowering interest rates to counteract an economic downturn, it cannot halt this trend. Under such circumstances, if the US economy continues to deteriorate, the Bitcoin market may suffer severe damage. Analysts predict that Bitcoin prices could experience significant declines, potentially reaching as low as $50,000, with further downward risks. This serves as a reminder for investors to closely monitor macroeconomic dynamics and their impact on the cryptocurrency market.