Here's a concise summary for Binance Square users:
### **๐ Crypto Market Reacts to US Economic Data**
- **Bitcoin** dipped below $92k after Q1 GDP contraction but recovered to **$94k+** (up **14% in April**).
- **Ethereum** mirrored BTC's movement, ending April down **1.22%**.
- **Dogecoin** underperformed, with **$343M liquidated** market-wide (60% long positions).
#### **๐ Key Insights**
1. **Bitcoin's Bullish Signals**:
- **Realized cap hit $880B** (new ATH), historically preceding price surges.
- Breaking **$95,870** could trigger a rally to **$114,230** (per Ali Martinez).
2. **Market Sentiment**: Shifted from "Greed" to "Neutral" amid recession fears.
3. **Macro Context**:
- US GDP shrank **0.3%** in Q1; weak jobs data (62K vs. 108K expected).
- Stocks mixed: **Dow (+0.35%)**, S&P 500 (+0.15%), **Nasdaq (-0.09%)**.
#### **๐ Whatโs Next?**
- Watch **BTCโs $95.8k resistance** for breakout potential.
- Ethereum and altcoins may remain muted until macro uncertainty clears.
