The Bitcoin Koers is again racing at the $ 95,000, despite the fact that the economic data from the United States on Wednesday was very worrying. Shortly after it became known that the American economy in Q1 2025 had shrunk by -0.3%, the Bitcoin sailed price to $ 92,910.

Not long after, however, things started to climb again, and the same applies to the US stock market.

Fast recovery for Bitcoin

The rapid recovery of Bitcoin and the stock markets seems to be the result of the dominant feeling that there is a lot of noise in economic data.

This time, the heading import caused a huge negative impact on economic growth, and that is of course the result of Donald Trump’s trade war. American companies decided to import a lot of products through import duties that have not yet been sold.

This created a considerable negative trade balance and a negative growth print for the economy, but that of course does not mean that we will see the same image in the coming quarters. After all, those imports have already been done.

Although a shrinking economy and extremely low consumer confidence are actually worrying, it is not all as dramatic as you would think. Nevertheless, the chance of an interest rate reduction of 0.25%point of the US Central Bank on 18 June has increased from 59.8%to 63.8%.

Why do bitcoin and shares rise?

According to the popular analyst SKEW, the revocations of Bitcoin and shares can be explained on the basis of the quarterly figures of many large companies in the United States. According to him, they were “pretty good” for many large American companies, which in turn can cause trust in the financial market.

For the time being we are not seeing Trump’s trade war in the figures of the large American companies, which is in principle a good sign for the economy. And that is also a positive development for Bitcoin, because the digital currency also depends on a strong economy.

If America really goes towards a recession, then Bitcoin will also get very hard.

Source: https://newsbit.nl/bitcoin-herstelt-van-recessie-data-uit-amerika-koers-op-95-000/



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