U.S. Economy Contracts by 0.3% in Early 2025
- The U.S. economy shrank by 0.3% in the first quarter of 2025.
- This contraction followed a rush by companies to import goods.
- The economic downturn occurred amidst President Donald Trump’s global trade war.
- Bitcoin prices dipped slightly following the economic report.
The U.S. economy experienced a 0.3% contraction in the first quarter of 2025, influenced by increased imports during President Trump’s trade war, leading to a slight decline in Bitcoin prices.
Source (2.6)https://news.bitcoin.com/bitcoin-dips-slightly-as-us-economy-shrinks/?rand=52384
