#Bitcoin Slips Below $95K as U.S. Economy Contracts for First Time Since 2022


Bitcoin dropped below $95,000 on Wednesday after U.S. GDP shrank by 0.3% in Q1, marking the first economic contraction since early 2022, according to the Bureau of Economic Analysis.


The decline missed economist forecasts and fueled fears that President Trump's sweeping tariffs are stifling growth while adding inflationary pressure. $BTC fell to $94,300, while $ETH and $SOL each declined around 3%.


Equities mirrored the sentiment, with major U.S. indexes falling over 2%. The downturn follows weaker-than-expected job data and ongoing uncertainty over trade policy impacts.

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April 30, 2025 at 7:39 PM
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