The crypto and tech markets experienced a significant sell-off on March 10 due to rising recession concerns which outweighed White House attempts to stabilize financial markets. The JPMorgan economists now predict a 40% chance of recession in 2025 due to their updated forecast which used to show 30% within the first quarter. 

The research team at Goldman Sachs now sees a 20% chance of a U.S. recession developing in the next year and they warn that market stability requires the Trump administration to shift away from existing economic strategies when recession indicators drop. Morgan Stanley reduced its economic outlook for 2025 to 1.5% but predicted 1.2% growth in 2026 and raised their forecasts of price increases.

Crypto Market Sees Sharp Decline

A top Trump economic advisor Kevin Hassett reassured people that the economy showed healthy signs despite recession warnings being in place. During his CNBC interview Hassett recognized economic ups and downs but explained the economy shows positive signs of growth. In a March 9 Fox News interview Donald Trump described the economic slowdown as a temporary phase of transition.

Trading activity on financial markets showed clear differences from other sources. After Trump’s election date the stock market gains from November 5 turned downward and fell below its starting value before Election Day. Stock markets showed a 10% decrease from their peak last month and the Nasdaq entered a stock market correction with its 14% drop during three weeks.

On March 10 the leading US stock market indices showed negative movement. The index of 500 leading American companies lost 2.7% on its way to September’s lowest closing value. Tech stocks also suffered as the Nasdaq sank 4% during its worst daily performance since 2022. The stocks on the Dow Jones crashed 2.1% losing almost 900 points.

Market Uncertainty Grows Stronger

At the close of business on March 10 the Magnificent 7 US tech titans collectively lost $750 billion of market worth. The S&P 500 stock rankings included the Tesla stock which sank 15% due to being the hardest hit company in 2025. These top tech brands took a significant financial hit as Nvidia dropped 5.1%, Apple declined 4.9%, Meta dropped 4.4% and Alphabet lost 4.5% during the market decline.

Coin markets hit their weakest valuation since November 2 in the market crash. The crypto market lost 7.5% of its total value on March 11 resulting in $240 billion gone from the $2.6 trillion market capitalization. Bitcoin’s value dropped by 4% this day but rebounded from its low of $76,784 to trade at $79,000 at the time of writing.

According to Polymarket, the odds chart for recession looks better than any other financial indicator right now because investors dread the U.S. economy’s future.

Market instability stays strong with investors focused on economic data and policy changes that will form the new financial landscape until the next year’s end.