Wall Street has been seeing heavy correction and profit books with fears of the US recession leading to a simultaneous fall in Bitcoin and the broader crypto market. With the top three US indices falling by 1.5-2.5% on Friday, the Bitcoin price is down by 4.5% trading at $61.673 with its market cap at $1.21 trillion. Furthermore, investors are taking a wait-and-watch approach instead of buying the dips.