$BTC will it pass $85k level before todays daily candle clos | SMSKB on Binance Square

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$BTC will it pass $85k level before todays daily candle close?

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CNBC News - CRYPTO WORLD: Bitcoin dips after Q1 GDP contraction raises recession fears US Economy Shrinks, Crypto Going To Take a Roller-Coaster Ride as Everyone Hunts Safe Bets! 1. The U.S. economy contracted 0.3% in the first quarter of 2025-the first quarterly decline since early 2022-primarily due to a record surge in imports as businesses front-loaded purchases ahead of new tariffs, stoking renewed recession fears. 2. In response, Bitcoin dipped below $95,000, while other major cryptocurrencies such as Ethereum and Solana each fell by roughly 3% on the day. 3. The broader crypto market traded lower alongside equity indices, as investors reduced risk exposure amid rising concerns over trade policy volatility and its knock-on effects on inflation and growth. 4. This pullback underscored Bitcoin's persistent correlation with traditional financial markets and highlighted how macroeconomic drivers- especially tariff-related trade distortions-- continue to sway crypto price action. 5. Market participants are now closely watching upcoming labor data and Federal Reserve policy signals to gauge the outlook for risk assets in a potentially stagflationary environment. full video link: https://youtu.be/iHgKl8ayCU4?si=YlxZDDQQnR6fi205 More sources: Reuters: https://www.reuters.com/markets/wealth/muddied-gdp-report-leaves-investors-with-little-clarity-about-economic-risk-2025-04-30/?utm_source=chatgpt.com Decrypt: https://decrypt.co/317101/bitcoin-falls-as-u-s-economy-contracts-first-time-in-3-three-years $BTC $ETH $SUI

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