Bitcoin prices are raised despite the recession fears in the United States

Bitcoin (BTC-Usd) On Thursday, the new data revealed that the American economy contracted in the first quarter, which raised fears of the imminent recession. The largest world Coded It increased by about 1 % to a sign of about 95,000 dollars (71,401 pounds), as traders weighed mixed signals from both traditional and digital asset markets.

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The ceiling of the total encryption market remains integrated near the 3TN brand (2.25 reminiscents) of 3 meters, which reflects the side trading period after the last fluctuations.

Analysts expect a potential outbreak of bitcoin, in the event of an embodiment of positive macroeconomic news or favorable organizational developments.

Meanwhile, the Bitcoin exchange funds (ETFS) witnessed an external flow of $ 56 million (42 million pounds) on Wednesday, as it ended a series of eight -day flows, which reached a total of about 3 billion dollars (2.25 billion pounds). This reflection highlights the invested caution amid the broader economic uncertainty.

ALTCOINS is largely reflected in the silent Bitcoin performance. ethereum (eth-wed), BNB series BNB (BNB-Usd), And Solana Seoul (Sol-Usd) An increase of 1 %, 0.5 % and 2.4 %, respectively.

Xrp (XRP-Usd) And Cardano’s Ada (ada-wedBoth have decreased about 0.5 %, over the past 24 hours. Dogecoin (Dog UsdIt increased about 1.5 % in the same period.

American stock indicators were closed on Wednesday, crowning a particularly troubled month of shares. S & P 500 (^GspcIt increased by 0.15 % and the Dow Jones Industrial Mediterranean (^DjiIt gained 0.35 %, while the nasdak compound (^IOCE0.09 % slip.

Earlier in the session, the markets fell on the news that The US GDP has been contracted by 0.3 % in the first quarter – A sharp reflection of the growth of 2.4 % published in the last quarter of 2024. This represents the first economic shrinkage in the United States since the first quarter of 2022 and precedes the full impact of modern definitions on imported goods.

The feelings of investors were especially sensitive to the American president Donald Trump’s tariff proposals. The stocks rose in late April after the administration officials alluded to possible trade deals to cool the ongoing trade war, but the surprise of GDP on Wednesday had failed this optimism. By closing, both S&P 500 and Dow have regained a lot of their early losses, indicating that merchants are still hoping to solve politics.

Futures for stocks opened in the United States on Thursday, with Dow’s sticks (YM = fAn increase of 0.41 %, S&P 500 futures (futureses = f(0.92 % and NASDAQ futures (nq = f(Jumping 1.4 % in the pre -market trade.

With fears of stagnation, market participants will closely see the upcoming federal reserve contacts, consumer spending data in April and any other references to commercial negotiations. According to CME Fedwatch toolThe interest rate traders are currently setting a possibility of only 5 % to reduce the federal reserve price at the FOMC meeting next Wednesday.