US GDP is falling, but why is that good for Bitcoin?
The US economy contracted at a much faster pace at the beginning of the year than previously reported — new data reflects significantly weaker consumer spending. 📊 GDP recorded an annual decline of -0.5% from January to March, which is worse than the forecast of -0.2%. 📉 Spending in the first quarter grew by only 0.5% compared to the earlier estimate of 1.2% — the weakest figure in more than four years. 😭
It seems Trump’s policies aren’t that great — the increase in tariffs has hurt the economy and demand. 🔥
Nevertheless, the GDP decline signals a slowdown in the US economy. Against this backdrop, the probability of a Fed rate cut in September is already at 68%. And lower rates are fuel for market growth. But we’re waiting for new CPI data: if inflation accelerates again, hopes for a quick rate cut may vanish.
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