Bitcoin drops under $93K after US GDP data shows shrinking economy, raising recession alarms

Bitcoin sold off to $92,910 after GDP data showed the negative impact of Trump’s trade war and the heightened chance of a US recession. Will traders buy the dip?

Key points: 

US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate cuts.

Bitcoin dropped to $92,910 as GDP figures were released, but sustained buy-side demand could provide support. 

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