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  • Blockchain Timeline

US GDP growth slows down significantly causing market-wide selloff

The US economy grew by 1.6% in the first quarter of 2024 compared to 2.5% expected by analysts. The latest GDP number comes after the revised 3.4% print of Q4 2023.

US stock indexes extended their declines and government bonds came under pressure after data was released. Bitcoin is down 1.30% in the last hour, Ethereum is also declining by 1.70% and Solana is currently seeing a drop of 4.70%.


GDP Growth

Q3 2023


Q4 2023


Q1 2024



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