U.S. stock futures stepped up their losses in the premarket after the release of GDP data, and BTC also saw a slight decline.
The preliminary US Q1 GDP came in at -0.3%, which was lower than expectations of 0.3% but still above GDPNow's -2.7% and the lowest since Q2 2022. The U.S. economy has entered negative growth, and even before there is no tariff interference, the next step should be the market game that the Fed cut interest rates in June. But even rate cuts should be done to avoid a recession.
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