BlackRock, the world's largest asset manager, has warned of potential market volatility ahead, citing factors such as recession fears, pre-election jitters, and profit-taking. The company's strategists predict that the Federal Reserve will not cut interest rates as sharply as expected, which could impact the bitcoin price.

The bitcoin price has recently rebounded from a drop towards $50,000, climbing back towards $60,000. However, analysts at BlackRock and broker Bernstein have expressed caution, with some predicting a potential 50% price crash if certain economic and political conditions occur.

The Federal Reserve is expected to cut interest rates at its upcoming policy meeting, which could impact the bitcoin price. Additionally, the US presidential election in November may also influence the cryptocurrency market, with some analysts predicting different outcomes based on the winner.

It's essential to approach the cryptocurrency market with caution and thorough research, considering multiple factors an…