How is no one talking about the US GDP being down 1.1% while it was expected to rise 1.4%. That’s a major 2.4% difference from estimates. A Recession is nearly inevitable at this point, it’s good and bad for Crypto.

This may be a bit of a late news but just a week ago the US reported their GDP numbers for Q1. The Wall Street was expecting a 1.1% rise in the GDP which was reasonable but also pretty low and definitely under what they would have expected it to be now from a year ago. What happened then? The US reported a 1.4% decrease in the GDP instead.

This is major, a whole 2.5% difference from what was expected and the stock market that usually drops a stock by 20% if they miss estimates by even 1%, did nothing. They completly ignored it. Also the fact that this is one step closer to a recession in the US, something that just as inflation has been denied of happening there a couple of times.

Recession at this point is actually already inevitable as the next US quarter is not looking any good either with macro economic tensions continuing.

For Crypto that could be a good sign as the pressure on the stock market due to this may cause the FED to soften or aboard their harsh hiking policy. But on the other side it will be a recession and markets have never reacted that good to a recession at first.

No matter what, the macro economic tensions just seem to be increasing more and more. I'm not saying that we won't get a Crypto rally this year but with the current situation I can at least say it won't be next month.