Bitcoin Faces Deeper Downside as U.S. Market Meltdown Odds Rise to 35%

Yardeni Research founder and market strategist Ed Yardeni raised his estimate of the likelihood of a U.S. market meltdown to 35%, as selling across global equities and sharp oil-price swings erode investor confidence. Although Bitcoin is viewed as an alternative asset, it often moves in tandem with risk assets over the short term. A further decline in U.S. stocks could trigger leveraged liquidations and capital outflows.

As of July 20, 2026, Bitcoin was hovering near $67,000 and remained under pressure from heightened risk aversion. Yardeni’s latest estimate put the probability of a U.S. market meltdown at 35%. Against a backdrop of weaker global equities and volatile oil prices, traders are assessing whether Bitcoin could break below recent support and suffer a deeper pullback.