{"id":46083,"date":"2025-05-05T08:40:52","date_gmt":"2025-05-05T08:40:52","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=46083"},"modified":"2025-05-05T08:44:18","modified_gmt":"2025-05-05T08:44:18","slug":"bitcoin-falls-back-below-94000-whats-next","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/bitcoin-falls-back-below-94000-whats-next\/","title":{"rendered":"Bitcoin falls back below $94,000: What’s next?"},"content":{"rendered":"\n

Bitcoin has fallen back below $94,000 as the US economy shows signs of slowing down. Last week saw the release of important economic data, including inflation, GDP, labor market figures, and the consumer confidence index.<\/strong> Although the figures were not favorable, the markets reacted relatively calmly, suggesting that investors had already factored this information into prices. Trade wars are not expected to escalate further, which is positive news for stocks and bitcoin.<\/strong><\/p>\n\n\n\n

US economy in decline: Impact on markets and inflation<\/h3>\n\n\n\n

The US economy<\/a> contracted by 0.3% in the first quarter, contrary to expectations of 0.3% growth. The last decline was recorded in the first quarter of 2022. A significant contribution to the slowdown was made by an increase in imports, as companies and consumers purchased goods in anticipation of higher costs due to tariffs.<\/strong> Consumer spending growth slowed to 1.8%, the lowest rate since the second quarter of 2023.<\/p>\n\n\n\n

Consumer spending<\/a> accounts for nearly 70% of US GDP and is a key driver of long-term economic growth. If consumers remain strong, there is no cause for concern. However, the rapid decline in consumer confidence is a warning sign for investors, as it means that the situation remains uncertain.<\/p>\n\n\n\n

Bitcoin faces key resistance: Stabilization or correction?<\/h3>\n\n\n\n

The latest inflation data points to a slowdown in year-on-year growth in the PCE index to 2.3% and core inflation to 2.6%. Although inflation has remained at 3.5% for the last three months, it remains a concern for the Fed<\/a>.<\/p>\n\n\n\n

The price of bitcoin<\/a> stalled around $96,000, which was a key resistance level. There was a small correction in May, but the decline was minimal, indicating market stabilization. Although there is a possibility of a deeper correction, bitcoin’s growth is unlikely to end.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has fallen back below $94,000 as the US economy shows signs of slowing down. Last week saw the release of important economic data, including inflation, GDP, labor market figures, and the consumer confidence index. Although the figures were not favorable, the markets reacted relatively calmly, suggesting that investors had already factored this information into […]<\/p>\n","protected":false},"author":2,"featured_media":46074,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[99,235],"class_list":["post-46083","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-bitcoin-en","tag-usa-2"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t