According to @StockMKTNewz, US Treasury Secretary Bessent stated that interest rate sensitive sectors are in recession, the broader economy is not at risk of recession, and she is confident about 2026 growth prospects (source: @StockMKTNewz). For traders, this soft-landing tone shifts focus to the policy-rate path and yields; monitor the US 2-year Treasury, the dollar index, and risk assets such as BTC and ETH for potential reactions to reduced near-term recession risk and a firmer long-term growth signal (source: @StockMKTNewz).

According to @StockMKTNewz, US Treasury Secretary Bessent stated that current US economic data shows no indication of a recession, suggesting ongoing economic stability. This announcement may support bullish sentiment in the cryptocurrency market as macroeconomic stability often encourages risk-on investing in assets like Bitcoin and Ethereum. Traders are closely monitoring US treasury statements for influence on crypto market inflows and volatility, as recession fears have previously driven significant price swings across digital assets. Source: @StockMKTNewz, May 6, 2025.