Bitcoin Price Drops Below $93,000 Amid Recession Fears as US GDP Contraction Triggers Market Volatility

The price of Bitcoin has fallen below $93,000 as the latest US GDP data reveals a contraction in the economy. This alarming trend, coupled with rising recession fears, is triggering volatility in the cryptocurrency market. Analysts suggest that this economic downturn may significantly impact the crypto space. 2025’s first quarter saw a shrinking US economy, and investors are reassessing their positions across both traditional markets and cryptocurrencies.