The turbulent April has come to an end! US stocks have nearly recovered from the Liberation Day fall, with BTC hovering around 94K.

After the turmoil in April, the US stock market has finally approached the levels before Trump’s liberation on April 2. The US economy saw negative growth in the first quarter, and inflation data has shown signs of slowing down. Reports indicate that the US is actively engaging with China through various channels. Meanwhile, a group of investors is betting that the Federal Reserve will implement policy measures to prevent an economic recession. The top ten market capitalization crypto assets are mostly consolidating within a range, with Bitcoin fluctuating slightly around 94K, while Ether hovers around 1,800.

US Q1 GDP negative growth! Trump: “This is Biden’s stock market, not mine”

The U.S. economy saw negative growth in the first quarter, with the initial value of the GDP quarterly growth rate for the first quarter reported at -0.3%, marking the first contraction since 2022. U.S. stocks fell in early trading.

Despite the economic contraction, consumer spending still grew by 1.8%, and the economic potential demand indicators remain robust, thanks to the fastest growth in business equipment purchases since 2020. Meanwhile, key inflation indicators have shown a slowdown, with the U.S. March core PCE price index year-on-year increase reported at 2.6%, and a month-on-month change of 0.0%.

The stock market rebounded from its lows, with reports stating that the United States is actively engaging with China through various channels. At the same time, a group of investors is betting that The Federal Reserve (FED) will implement policy measures to prevent an economic recession.

U.S. President Trump posted again on social media, stating: “This is Biden’s stock market, not mine,” urging everyone to patiently await the beginning of prosperity.

BTC 94K, ETH 1800 hovering

The top ten large cap crypto assets are mostly consolidating within a range, with Bitcoin fluctuating slightly around 94K, while Ether hovers near 1,800.

The Coinglass Fear and Greed Index has risen to a neutral range of 56, and is not far from the greed level.

This article concludes the turbulent April! The US stock market has nearly recovered from the Liberation Day decline, with BTC hovering around 94K. It first appeared on Chain News ABMedia.