The US economy decreased by 0.3% in the first quarter of 2025 after the companies rushed to import goods after the world trade war of President Donald Trump.
Bitcoin region below after the US economy shows weakness
The largest economy in the world decreased by 0.3% in the first quarter of the year, according to the report published by the US Department of Trade on Wednesday, and economists point a finger at the president of Donald Trump.
The companies went to the purchase, trying to make the contradictory tariffs of Trump, which led to an increase in imports, but as a result of the gross domestic product (GDP), he received a blow. GDP is a measure of the cost of all goods and services produced in the economy, and imports are deducted from the final figure.
Traditional markets scored news with S&P 500, NASDAQ and Dow Jones Industrial Average, all reduced 0.91%, 1.27%and 0.61%, respectively, during the reporting. Bitcoin (BTC) traded mainly to the side, soaring about 94 thousand dollars. USA in the first half of the day.
Trump remained defering after the publication of the report, accusing the reduction of his predecessor.
“We must get rid of Bayden’s canopy,” the president said. “This will take some time, has nothing to do with the tariffs, only that he left us with bad numbers, but when the boom begins, it will be similar to the fact that no one else. Be patient. “
Review of market metrics
According to CoinmarketCap, bitcoin is traded at the level of $ 93,721,16 at the time of reporting. Over the past 24 hours, cryptocurrency has survived a modest drop in 1.48%, but has retained a weekly increase of 0.75%. During the day, BTC ranged during the relatively strict range from 92,979,64 to $ 95,485.41.
Despite the short price fall, Bitcoin’s trading activities jumped, and the 24-hour trade volume increased by 26.22% to $ 30.67 billion. Market capitalization decreased by 1.03% to 1.86 trillion dollars, but Bitcoin’s dominance over a wider crypto -market increased by 0.50 percentage points to 64.75%, according to the data in terms of trade.
On the derivatives market, Coinglass data show that the total BTC Futures volume, open interest reached $ 62.48 billion. USA, which notes insignificant growth of 0.02% over the past 24 hours. The liquidation activity was minimal, for the total amount of $ 276,630 and almost evenly divided between long and short positions ($ 141,860 and $ 134,770, respectively). A balanced liquidation hints at indecision between traders, enhancing the current side price effect, since the market expects a clearer signal for the next main step of the cryptocurrency.
