Bitcoin steady as US confirms economy shrank in Q1

The U.S. Confirmed a 0.2% contraction in its economy for Q1 2025, marking the first downturn since 2022, influenced by the trade war under President Trump, affecting imports and government spending.

In response to the economic downturn, Bitcoin’s market remained stable, trading flat, while Ethereum saw a gain of 1.1%. XRP slightly dropped by 0.4%, and Solana fell by 1.3%.

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