Bitcoin and altcoins at risk after Goldman Sachs, Blackrock, Citi warning

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Bitcoin and other altcoins could be at risk as the biggest players on Wall Street warn about the state of the market.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

The Bitcoin price held steady on February 8 and reached an intraday high of $79,300 as investors bought the dip. Other altcoins were also up for the day, with Ethereum, XRP, and BNB rising by over 3%. The stock market was also upbeat, with futures tied to the Dow Jones, S&P 500, and Nasdaq 100 indices climbing nearly 2%. The rebound came after Donald Trump showed some flexibility on tariffs by agreeing to meetings with countries like Japan and Vietnam.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Still, Wall Street analysts continue to warn about the Liberation Day tariffs, which some see as a black swan event that will cause more damage to the economy. On Monday, Goldman Sachs raised its recession odds to 45%. In a separate note on Tuesday, the bank downgraded US stocks from “overweight” to “neutral.” Meanwhile, Blackrock’s Larry Fink warned that most executives he’s spoken with are increasingly worried about a recession. Other Wall Street institutions have echoed these concerns. Citi recently downgraded US equities and advised investors to pivot toward Asia-based markets.