Viewpoint: Bitcoin may benefit from expectations of a U.S. economic recession, The Federal Reserve (FED) faces challenges ☞ May 2

● Opinion: Bitcoin may benefit from expectations of a U.S. economic recession, while The Federal Reserve (FED) faces challenges in its policy.
According to Odaily Planet Daily, Bitcoin is expected to benefit if the U.S. economic recession becomes the "baseline scenario expectation." Multiple sources hold a pessimistic view on the U.S. economy and The Federal Reserve (FED), with the unexpected decline in U.S. GDP growth in the first quarter, and trade tariff policies potentially exacerbating inflation, placing The Federal Reserve (FED) in a dilemma. It must choose between curbing inflation and unemployment rates, with the extent and timing of interest rate cuts being crucial.
The Chicago Mercantile Exchange FedWatch tool shows that the market has a conservative expectation for The Federal Reserve (FED) policy, with little major changes expected before 2025. Participants in the crypto market are weighing the direction of The Federal Reserve (FED) policy, with well-known trader Skew stating that the probability of interest rate cuts is rising, as The Federal Reserve (FED) is more focused on economic weakness.
● Former U.S. Treasury Secretary warns that tariff policies may lead to economic recession
According to Deep Tide TechFlow, former U.S. Treasury Secretary Yellen stated that the U.S. government's tariff policy will have an "extremely adverse" impact on the United States, negatively affecting both consumers and businesses.
Former U.S. Treasury Secretary Summers stated that the market expects a 70% chance of the U.S. economy entering a recession this year, and if policies are not adjusted, the economic situation will worsen.
● The number of initial unemployment claims in the United States reached 241,000, a new high since the week of February 22, 2025.
According to BlockBeats, the number of initial unemployment claims in the United States for the week ending April 26 was 241,000, reaching a new high since the week of February 22, 2025. The expectation was 224,000, and the previous value was revised from 222,000 to 223,000.
● Analysis: Gold futures plummeted due to a decrease in safe-haven demand.
According to reports from Jinshi Data, institutional analysis indicates that due to the easing of trade tensions and a decline in safe-haven demand, gold futures have plummeted. The strengthening dollar has further dampened enthusiasm for gold as a safe-haven asset, making dollar-denominated commodities more expensive for international buyers. The United States is likely to reach a trade agreement, and market optimism and risk appetite are on the rise. However, further losses may be limited, as expectations for interest rate cuts have also increased following a series of weak economic data releases from the U.S., with the economy contracting by 0.3% in the first quarter. Lower interest rates typically stimulate demand for non-yielding gold.
● Strategy announced a $21 billion stock issuance plan and raised the BTC profit target.
According to Deep Tide TechFlow, on May 2, Strategy announced a new $21 billion public market common stock issuance plan, raising the BTC yield target from 15% to 25%, and increasing the BTC dollar yield target from $10 billion to $15 billion. As of April, the company held a total of 553,555 Bitcoins, with a purchase cost of $37.9 billion, averaging a cost of $68,459 per coin.
Strategy indicates that its capital market strategy continues to grow Bitcoin holdings while delivering exceptional value to shareholders.
● Tether holds over 7.6 billion USD in Bitcoin and releases Q1 report
According to a report by Deep Tide TechFlow, on May 2, Tether released the latest proof, stating that the company holds Bitcoin worth over $7.6 billion.
According to previous news, Tether released its Q1 report, showing that its holdings of U.S. Treasury bonds are close to $120 billion, and its traditional investment operating profit exceeds $1 billion.
● 21Shares applies for a Sui spot ETF in the United States, expanding the U.S. market.
According to Cointelegraph, European crypto investment firm 21Shares has submitted a Sui spot ETF application to the United States, marking another step in its expansion into the U.S. market. 21Shares filed the Form S-1 registration for the Sui ETF with the U.S. Securities and Exchange Commission on April 30. The ETF aims to track the performance of SUI held by 21Shares' U.S. subsidiary. Last July, 21Shares launched the Sui Staking ETP in Europe. The application documents did not specify the exchange or ticker for the ETF. Canary Capital is the first company to apply for the Sui ETF. The Sui ETP is already trading in Europe, with assets under management reaching $400 million. #五月行情预测#