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📉 Atlanta Fed model predicts GDP to shrink 2.8% in Q1: Trumpcession The US could see the biggest GDP contraction since the COVID-19 lockdown, as President Donald Trump’s tariff plans continue to cause havoc. The US economy could be shrinking at its fastest rate since the COVID-19 lockdown, according to the Federal Reserve Bank of Atlanta’s GDPNow model, which is now forecasting America’s gross domestic product to fall 2.8% in the first quarter. The new forecast differs immensely from just a month ago, which estimated America’s GDP was tracking close to a 4% growth for Q1.  While GDP trackers like the Federal Reserve Bank of Atlanta can be volatile, several economic indicators also support the downward trend, which could also spell trouble for the crypto markets too, should a global liquidity crunch and more geopolitical conflict ensue. The possible GDP fall could trigger the start of a Trump-inflicted recession, or “Trumpcession,” as some call it. America’s GDP hasn’t shrunk by more than 2.8% since Q2 2020, where it fell 32.9% as the world went into lockdown from the COVID-19 pandemic. The estimated fall may have been contributed by America’s record-high $153 billion trade deficit in January, the Census Bureau reported on Feb. 28. The 25.6% trade deficit increase from December likely came as a result of businesses front-loading imports before President Donald Trump implemented his first round of tariffs. A Feb. 25 survey from The Conference Board showed the consumer confidence index sank from 105.3 points to 98.3 in February — the biggest month-to-month fall since August of 2021. Consumer spending also fell 0.2% in January — though only 11 days occurred under Trump — while investor and billionaire Warren Buffett reportedly believes Trump’s tariffs could fuel more inflation and hurt consumers. Macroeconomic concerns have been blamed for the recent slump in crypto prices, which has Bitcoin BTC $84,060 and Ether ETH $2,067 down 10.2% and 21.6% over the last two weeks. Despite Trump’s promise to make America the “crypto capital” of the world — in part through forming a Crypto Strategic Reserve — more than $670 billion has been shaved off the total crypto market cap since he was inaugurated on Jan. 20. Not all GDP models have a grim outlook like Atlanta’s Fed's GDPNow model. The Federal Reserve Bank of New York’s model forecasted a 2.9% increase for Q1 in its latest Feb. 28 update, while the GDP tracker from the Federal Reserve of Dallas predicted a 2.4% increase on Feb. 27. Atlanta Fed GDPNow model mimics the methods used by the Bureau of Economic Analysis to estimate changes in GDP, while the New York one applies Bayesian estimation and adopts filtering techniques to assess a broader range of data. The Federal Reserve of Dallas places a greater emphasis on state-level data to gather a more localized perspective on how economic growth is tracking.

Cardano (ADA) continues to trend in murky waters as the eighth-largest cryptocurrency is in a make-or-break situation. This is based on the fact that ADA is hovering around the major support level of $0.68 and $0.80 as acknowledged by renowned market analyst Ali Martinez. Source: Ali Martinez Therefore, according to the above chart, a breakout to the downside will spell doom for Cardano since it might drop to the $0.33 area. Nevertheless, if ADA breaches $0.80, its journey of reclaiming the psychological price of $1 will be firmly locked. According to CoinGecko data, Cardano’s price was hovering around $0.6636 at the time of writing. Is Cardano’s Price Revival on the Horizon? Since ETFs usually trigger a bullish picture due to intensified institutional investments, Cardano is considering this route. This is based on Grayscale’s Cardano ETF application with the United States Securities and Exchange Commission (SEC). Grayscale is a leading American asset management firm with assets under management (AUM) worth $50 billion. Therefore, a price revival will be imminent if a Cardano ETF gets the green light. Furthermore, ADA’s bullish sentiment is supported by various on-chain metrics. For instance, a market analyst who goes by the pseudonym Bleeves Crypto recently pointed out that if Cardano continued following the Golden Ration playbook, a surge to $8 would materialize. The analyst stated, “If Cardano ADA plays out to the Golden Ratio from the bottom and top of the last Bull cycle then it is due for a move to $8.06.” Source: Bleeves Crypto Martinez also acknowledged that Cardano would reclaim the $1 price level if it continued mirroring BNB’s trend.

$BTC has broken through the $90K mark, and the next stop could be $100K. With strong bullish momentum, analysts are eyeing $91K-$95K as the next resistance level.¹ However, it's essential to note that the road ahead is uncertain, and Bitcoin faces key technical levels that could define its next move. *Key Levels to Watch:* - _Support Levels:_ $89K-$88K, with the 200-day simple moving average (SMA) at $82,314 and the realized price for short-term holders in the 3-to-6-month range at $79,290.² - _Resistance Levels:_ $97,478 and $99,395, which are the realized prices for short-term holders in the 1-week-to-1-month and 1-month-to-3-month ranges, respectively. The market sentiment has flipped from extremely bearish to bullish, reinforcing the argument that Bitcoin remains in a strong uptrend. However, technical indicators are still bearish, and the weekly and daily time frames lean bearish.³ Ultimately, the next move will depend on whether Bitcoin can sustain its momentum and break through the key resistance levels. If successful, we could see a renewed bullish phase, but if it fails to hold above $90K, it could spell trouble for bulls.

$BTC has broken through the $90K mark and the next stop could be $100K. With strong bullish momentum analysts are eyeing $91K-$95K as the next resistance level. However it's essential to note that the road ahead is uncertain and Bitcoin faces key technical levels that could define its next move. Levels to Watch Support Levels $89K $88K with the 200-day simple moving average (SMA) at $82314 and the realized price for short-term holders in the 3-to-6-month range at $79,290.Resistance Levels $97478 and $99,395 which are the realized prices for short-term holders in the 1-week-to-1-month and 1-month-to-3-month ranges respectively.The market sentiment has flipped from extremely bearish to bullish reinforcing the argument that Bitcoin remains in a strong uptrend. However technical indicators are still bearish and the weekly and daily time frames lean bearish.Ultimately the next move will depend on whether Bitcoin can sustain its momentum and break through the key resistance levels. If successful, we could see a renewed bullish phase but if it fails to hold above $90K could spell trouble for bulls.

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