Back To Top

May 1, 2025

Bitcoin Shows Resilience as Price Recovers After Weak US GDP Data

Bitcoin (BTC) is proving to be increasingly resilient following the release of disappointing US GDP data. On Wednesday, the markets reacted negatively to the announcement of a 0.3 contraction. However, by the end of the day and into Thursday morning, Bitcoin had reversed all losses. This rebound signifies the strength of Bitcoin and its ability to withstand market fluctuations. As investors digest economic indicators, Bitcoin’s quick recovery demonstrates confidence among traders and reinforces its position as a hedge against economic uncertainty. This resilience is critical for future confidence in the cryptocurrency and may attract more institutional investors looking for stability in volatile markets.

Prev Post

GBPUSD Dips Towards 1.3300 as Trump Hints at Trade Progress

Next Post

Trump Critiques Fed Chair Powell, Clouds Economic Outlook

post-bars
Mail Icon

Newsletter

Get Every Weekly Update & Insights

[mc4wp_form id=]

Leave a Comment