JPMorgan, Goldman Sachs Hike Recession Odds, Stocks Crash

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JPMorgan and Goldman Sachs have raised the odds of a recession in the US, the former citing Donald Trump’s “extreme” policies as the crypto and stock market crash.

The capitalization of the digital asset market plummeted over 3% in the last 24 hours, with Bitcoin briefly tumbling below $80K.

Meanwhile, the US stock market shed more than $1.7 trillion in value after President Donald Trump declined to rule out the possibility of a recession this year.

JPMorgan Raises Recession Odds To 40%

As Trump keeps the possibility of a recession this year open, economists at JPMorgan have increased the odds of a recession to 40%, from 30% previously.

“We see a material risk that the US falls into recession this year owing to extreme US policies,” the analysts said.

Goldman Sachs analysts are also bearish, raising their probability of a recession in the next 12 months to 20% from 15% previously.

The analysts warned that the odds of a recession will likely continue unless Trump changes course.

Users of the decentralized betting platform Polymarket also raised the chances of a recession in 2025. In the last month, odds for a contract on the platform have risen 18% to 38%.

Polymarket recession contract

Crypto Fear And Greed Index Signals ”Extreme Fear”

Crypto investor sentiment remains fearful. The Crypto Fear and Greed Index currently stands at 24, signaling “Extreme Fear.” This marks a 4-point increase in the last 24 hours. However, the index is still down 21 points compared to a month ago.

Meanwhile, Trump economic adviser Kevin Hassett said in a March 10 interview with CNBC that there are “a lot of reasons to be extremely bullish about the economy going forward.”

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