Cointelegraph.com NewsKey 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 0.3% in…
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 0.3% in…
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