Fears of Recession Abound, Why This Bitcoin Price Recovery Could Be A Bull Trap

The recent crypto recovery market comes amidst growing fears of a recession in the United States and a struggling Bitcoin price, fueled by a series of concerning economic indicators. Last week’s disappointing manufacturing PMI data, coupled with a softening labor market report on Friday, September 6, has left investors on edge. While the cryptocurrency market is showing signs of recovery after a severe selloff, the rally may be short-lived.