After the GDP data was released, US stock futures increased their decline in pre-market trading, and BTC also experienced a slight drop.
The preliminary value of the U.S. GDP for the first quarter is -0.3%. Although it is lower than the expected 0.3%, it is still higher than GDPNow's -2.7%, marking the lowest level since the second quarter of 2022. The U.S. economy has entered negative growth, even without tariff interference. The market is likely to speculate that the Federal Reserve will cut interest rates in June. However, even if there is a rate cut, it should be aimed at avoiding an economic recession.
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