🚨 **Market Alert: Recession Fears Grow as U.S. Consumer Confidence Drops** 📉

The U.S. economy shows signs of trouble—consumer confidence has fallen for the **4th straight month**, hitting a 12-year low. 📊 Over **60% of CFOs** predict a recession in H2 2024, per CNBC. Could this impact crypto markets?

### **Key Market Moves**

🔹 **Wall Street Rises** – S&P 500, Dow, and Nasdaq post 3-day gains amid hopes for softer U.S. trade policies.

🔹 **BYD Beats Tesla** – The Chinese EV giant overtakes Tesla in annual revenue ($107B vs. $97.7B) after a 29% surge.

🔹 **SAP Takes Europe’s Crown** – The German software giant becomes Europe’s most valuable company ($343B market cap).

### **U.S. Crackdown on China Tech**

🇺🇸 The U.S. added **50+ Chinese firms** to its "Entity List," restricting AI and supercomputing tech exports. Will this escalate trade tensions?

### **Crypto Watch**

📉 If a U.S. recession hits, will Bitcoin act as a hedge or follow traditional markets? Stay tuned.

**What’s your take?** Will macro risks push crypto higher or trigger a sell-off? 👇 #Markets #Crypto #BinanceAlphaAlert