Bitcoin and most altcoins have bounced back slightly this week, with total crypto market capitalization approaching the $3 trillion mark.

Bitcoin (BTC) remained stuck above $86,000, while meme coins like Pepe (PEPE), Shiba Inu (SHIB), and Floki (FLOKI) soared by double digits this week.

Mark Zandi, one of the top economists in the U.S. and Chief Economist at Moody’s, has warned that the country may be heading toward a recession.

In a post on X, Zandi said that his top recession indicator was “flashing bright yellow,” signaling a potential downturn in 2025. He pointed to a sharp drop in consumer confidence—down 17 points over the past three months.

His number one recession indicator happens when confidence drops 20 points over three months. He argues that consumers stop spending when …