1. Analysis: There is a 40% possibility of an economic recession in the second half of the year. Bitcoin may become a "safe haven asset," but it may not be favorable for altcoins. 2. Bloomberg

There is a 40% possibility of an economic recession in the second half of the year. Bitcoin may become a safe-haven asset, but it is unfavorable for altcoins. Bitcoin ETF options may be launched in Q4 this year. The total amount of Bitcoin held by miners has dropped to the lowest level in three years. The Federal Reserve has requested crypto-friendly banks to limit the risks of crypto customers. Putin has signed a law legalizing cryptocurrency mining in Russia. The assets of OneCoin's "Crypto Queen" Ruja Ignatova have been frozen by a UK court. The US will establish a Bitcoin tax-free zone to promote digital economic development. JPMorgan believes that Bitcoin's current rebound is mainly due to institutional investors. Hong Kong customs has cracked down on a syndicate using multiple shell companies to launder money through virtual currencies, involving HKD 1.5 billion. Trump's son warns against fake tokens, and the official Trump project has not been announced yet. Bitcoin's 30-day volatility has reached the highest point since March this year