Bitcoin Dips Slightly as US Economy Shrinks

The U.S. economy shrank by 0.3% in the first quarter of 2025 after companies rushed to import goods in the wake of President Donald Trump’s global trade war.

Bitcoin Edges Lower After U.S. Economy Shows Weakness

The world’s largest economy contracted by 0.3% during the first quarter of the year according to a report published by the U.S. Department of Commerce on Wednesday, and economists are pointing the finger at President Donald Trump.

Companies went on a buying spree in an effort to front-run Trump’s controversial tariffs, leading to a surge in imports, but gross domestic product (GDP) took a hit as a result. GDP is a measure of the value of all goods and services produced in the economy and imports are subtracted from the final figure.