PANews March 4 news, according to Jinshi, cryptocurrency analysts pointed out that Bitcoin has now turned bearish, and its weekend gains have completely evaporated. Although Trump's statement on cryptocurrency reserves briefly stopped the downward momentum, the underlying macroeconomic problems still exist. In the past few days, the price of Bitcoin has shown great volatility. In essence, Trump's statement may only be a superficial treatment of a very serious problem. Last week, the Crypto Fear and Greed Index fell to its lowest level since 2022. There are several reasons why Bitcoin is so bearish at the moment: First, the macroeconomic situation does not constitute a bullish factor for cryptocurrencies. The Atlanta Fed GDPNow model now expects that US GDP will shrink by 2.8% by the end of the first quarter of 2025. From an economic perspective, this forecast is disastrous compared to the 3.9% growth predicted four weeks ago. Another important factor is Trump's proposed tariff policy. Although some analysts believe that tariffs are not the main reason. However, when Trump recently announced a 25% tariff on the European Union, the cryptocurrency market plummeted. In other words, macroeconomic factors largely affect the market sentiment of the cryptocurrency industry. Since the spot Bitcoin ETF was approved, cryptocurrencies have been deeply integrated with traditional finance. So if the US economy falls into a recession, the disadvantages of this integration will be fully revealed.