-Inflation is rising faster than expected;
-Consumer confidence dropped to its lowest level in 12 years;
-GS raised its odds of a recession within the next year from 20% to 35%.

Needless to say, people are nervous. Matter of fact, the US Economic Policy Uncertainty Index is 80%, higher than it was in the 2008 crisis.

Now, some people believe Bitcoin is an inflation hedge, so they're not too worried.

But in reality, crypto is still heavily affected by how the overall economy feels. And right now, it's feeling messy.