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Bitcoin rebounds from bearish US GDP data as dip buyers push BTC price back toward $95K

cryptoweekly by cryptoweekly
April 30, 2025
in bitcoin, News
0

Bitcoin bulls return in force as traders shake off bearish US economic news and attempt to reclaim the $95,000 level.

Key takeaways:

Bitcoin bulls are attacking the $95,000 level again after today’s brief US GDP-induced sell-off.

Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in the future.

Read more

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Recent Posts
  • Food fraud costs $50B yearly — Can blockchain stop it?
  • Bitcoin eyes $105K pre-FOMC as Trump reveals Iran asked for dialogue
  • The empire strikes out: Institutionalists failed to kill the stablecoin bill
  • Pi Network migration problems: Users report KYC, 2FA and balance errors
  • Bitcoin’s invisible tug-of-war between suits and cypherpunks
  • Senate passes GENIUS stablecoin bill amid concerns over systemic risk
  • Circle’s USDC to become eligible collateral for US futures trading

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