Key points: US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate cuts. Bitcoin dropped to $92,910 as GDP figures were released, but sustained buy-side demand could provide support. Today’s crypto derisking is likely transitory; market fundamentals remain strong. Bitcoin (BTC) price took an abrupt tumble as data showed the US gross domestic product (GDP) retracting by 0
source: https://cointelegraph.com/news/bitcoin-drops-under-93-k-after-us-gdp-data-shows-shrinking-economy-raising-recession-alarm?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound