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BlackRock CEO Larry Fink warns that U.S. stocks could plummet 20% as aggressive tariffs spark fears of a global trade war. The S&P 500 and Nasdaq have already dropped 10% in five days, while cryptocurrencies also face steep declines.
- Larry Fink warns of a potential 20% stock market drop due to U.S. tariff policies and trade war fears.
- Cryptocurrencies lost 7% of their market value in a week, with Bitcoin and Ethereum down 4% and 13%, respectively.
- Goldman Sachs and JPMorgan increased recession odds to 45% and 60%, reflecting growing economic uncertainty.
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